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348 8th Street

Multifamily Property At 348 8th Street In Jersey City Sold For $2.45M With Coldwell Banker Brokers
SOLDMultiFamily

Multifamily Property At 348 8th Street In Jersey City Sold For $2.45M With Coldwell Banker Brokers

348 8th Street

$2,450,000

Building Size

Asset Type

MultiFamily

Closing

Sep 18, 2023

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

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.

Players

Patrick Southern

Coldwell Banker

Broker

$38.1M

vol

19 deals

Broker

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