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352 Varick Street

Updated Dec 4, 2024

Dante Del Forno Real Estate Brokers $1.73M Multifamily Sale In Jersey City
SOLDMultiFamily

Dante Del Forno Real Estate Brokers $1.73M Multifamily Sale In Jersey City

352 Varick Street

$1,730,000

Units

4

Asset Type

MultiFamily

Closing

Apr 19, 2024

About this deal

AI

352 Varick Street, located in Jersey City, was recently sold for $1,730,000. The multifamily property consists of four units, achieving a price per unit of $432,500. The transaction was facilitated by Dante Del Forno of Dante Del Forno Real Estate.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,730,000
  • Address: 352 Varick Street
  • Market: Jersey City
  • Broker: Dante Del Forno - Dante Del Forno Real Estate
  • Units: 4
  • Price Per Unit: $432,500

The sale of 352 Varick Street involved Dante Del Forno of Dante Del Forno Real Estate as the broker, representing the parties in the multifamily property transaction.

Players

Dante Del Forno

Dante Del Forno Real Estate

Broker

$1.7M

vol

1 deal

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $432.5K per unit across 4 units on a published $1.7M (2024).

Visit Dante Del Forno Real Estate to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.17%

Cash-on-Cash

-2.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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