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Samantha Newman Acquires Multifamily Property In Jersey City From Amit Shah & Gershon Adjaye

Property Image
SOLD
$1,665,000

New Jersey

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MultiFamily3,962 SF
Sold 04/21/2023
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Property Image
SOLD

Samantha Newman Acquires Multifamily Property In Jersey City From Amit Shah & Gershon Adjaye

47 Washburn Street

See Similar Deals
MultiFamily3,962 SF
Sold 04/21/2023
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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.

Players

Gershon Adjaye
27 deals$49.4M volume(973) 583-3030
BROKER

Details

SOLD
IMAGE: Gershon Adjaye DATE: 04/21/2023 ADDRESS: 47 Washburn Street MARKET: Jersey City ASSET TYPE: Multifamily BUYER: Samantha Newman SELLER: Amit Shah & Gershon Adjaye BROKER: Gershon Adjaye (@GershGroup) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $1,665,000 UNITS: 6 ~ PPU: $277,500 SF: 3,962 ~ PPSF: $420

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,915.39
Cash-on-Cash Return-1.27%
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