Updated Sep 5, 2024
Samantha Newman Acquires Multifamily Property In Jersey City From Amit Shah & Gershon Adjaye
47 Washburn Street
$1,665,000
$420/SF
Building Size
3,962 SF
Asset Type
MultiFamily
Closing
Apr 21, 2023
About this deal
AI
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.
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
9.53%
Cash-on-Cash
-2.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93