Samantha Newman Acquires Multifamily Property In Jersey City From Amit Shah & Gershon Adjaye
SOLD
$1,665,000
New Jersey
See Similar DealsMultiFamily3,962 SF
Sold 04/21/2023
SOLD
Samantha Newman Acquires Multifamily Property In Jersey City From Amit Shah & Gershon Adjaye
47 Washburn Street
See Similar DealsMultiFamily3,962 SF
Sold 04/21/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:3,962 SF
Transaction Type:Sale
The multifamily property located at 47 Washburn Street in Jersey City has been sold in a recent transaction. The property consists of 6 units with a total square footage of 3,962. The sale price for this transaction was $1,665,000, resulting in a price per unit of $277,500 and a price per square foot of $420.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,665,000
- Address: 47 Washburn Street, Jersey City
- Number of Units: 6
- Price per Unit: $277,500
- Square Footage: 3,962
- Price per Square Foot: $420
The buyer for this transaction is Samantha Newman, while the sellers are Amit Shah and Gershon Adjaye. Gershon Adjaye, representing Keller Williams, acted as the broker in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,915.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,892.95
Annual Debt Service$94,715.39
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