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Christie's International Real Estate Sells Multifamily Property In Jersey City For $1.35M With Marcus Pinto From Compass As Seller's Rep
SOLD
$1,350,000
New Jersey
See Similar DealsMultiFamily
Sold 10/20/2023
SOLD
Christie's International Real Estate Sells Multifamily Property In Jersey City For $1.35M With Marcus Pinto From Compass As Seller's Rep
MultiFamily
Sold 10/20/2023
Summary
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 340 1/2 8th Street in Jersey City has been sold for a sale price of $1,350,000. The property is situated in the market of Jersey City and is categorized as a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 340 1/2 8th Street
- Market: Jersey City
Judith Marciano, representing Christie's International Real Estate, acted as the buyer's representative in this transaction. Marcus Pinto, from Compass, represented the seller in the deal. Both brokers played a crucial role in facilitating the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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