Updated Dec 18, 2023
Cityliving Real Estate LLC Acquires Multifamily Property In Jersey City For $1,210,000
107 Magnolia Avenue, Jersey City, NJ 07306, USA
$1,210,000
$484/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Nov 10, 2021
About this deal
AI
Located at 107 Magnolia Ave in Jersey City, this multifamily property has been sold in a recent transaction. The sale was facilitated by Jose Garza of Summit Avenue Realtors, representing the seller, and Dan Voronin of Cityliving Real Estate LLC, representing the buyer. The property consists of four units, and the sale price amounted to $1,210,000, resulting in a price per unit of $302,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,210,000
- Address: 107 Magnolia Ave
- Market: Jersey City
Jose Garza of Summit Avenue Realtors served as the seller's representative during the transaction. On the other side, Dan Voronin of Cityliving Real Estate LLC represented the buyer. The deal showcases the collaborative effort of these professionals in successfully closing the sale.
Players
Jersey City 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93