Updated Oct 29, 2024
JR City Properties Acquires Multifamily Property In Jersey City For $9.9M
64-70 Baldwin Avenue, Jersey City, NJ, USA
$9,900,000
$1,320/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
Located in Jersey City, the multifamily property at 64-70 Baldwin Avenue and 107-111 Garrison Avenue has recently undergone an acquisition. The transaction, which took place on March 4, 2021, involved a loan provided by TriState Capital for an amount of $9,900,000. The property is owned by Judith Sciarra of JR City Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Address: 64-70 Baldwin Avenue & 107-111 Garrison Avenue
- Market: Jersey City
The deal was facilitated by Kathy Anderson from Progress Capital, representing the buyer, Judith Sciarra. Kathy Anderson is a renowned broker at Progress Capital, specializing in real estate transactions. TriState Capital provided the loan for the acquisition.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Kathy Anderson to view all their deals.
Browse New Jersey multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93