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47 Washburn Street

Updated Sep 5, 2024

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

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.

Players

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $420 per square foot on a published $1.7M for 3,962 square feet (2023).

Visit Gershon Adjaye to view all their deals.

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

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