Christie's International Real Estate Sells Multifamily Property In Jersey City For $1.35M With Marcus Pinto From Compass As Seller's Rep
$1,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93