Renee Condon Acquires Multi-Family Property In Jersey City For $1.4M
329 Varick Street
$1,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
A multi-family property located at 329 Varick Street in Jersey City has been sold for $1.4 million. The property, representing an asset type of multifamily, was successfully transacted with Gilli Axel and Karina Ayubi of Prominent Properties Sotheby's International Realty acting as the seller's representatives. Renee Condon of Keller Williams represented the buyer in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Date: 10/20/2023
- Address: 329 Varick Street
- Market: Jersey City
Gilli Axel and Karina Ayubi, from Prominent Properties Sotheby's International Realty, played a vital role as the seller's representatives in this property transaction. On the other hand, Renee Condon, a representative from Keller Williams, worked diligently to ensure the buyer's interests were well-represented.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93