Updated Sep 5, 2024
Multifamily Property At 348 8th Street In Jersey City Sold For $2.45M With Coldwell Banker Brokers
348 8th Street
$2,450,000
Units
4
Asset Type
MultiFamily
Closing
Sep 18, 2023
About this deal
AI
A multifamily property located at 348 8th Street in Jersey City has been successfully sold for a price of $2,450,000. This property consists of four units, with each unit having an average price per unit of $612,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 348 8th Street, Jersey City
- Market: Jersey City
- Brokers: Patrick Southern & Shaye Lastra - Coldwell Banker
The sale of this multifamily property at 348 8th Street was facilitated by brokers Patrick Southern and Shaye Lastra from Coldwell Banker. Their expertise and efforts played a crucial role in successfully completing the transaction.
On the Map
Players
Market 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93