Updated Dec 4, 2024
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.
Jersey City 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
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93