Updated Dec 4, 2024
Andrew Sanderson Of EXP Realty Represents Sale Of Jersey City Multifamily Property For $1.7M
126 Ogden Avenue
$1,700,000
Units
2
Asset Type
MultiFamily
Closing
Sep 24, 2024
About this deal
AI
The multifamily property at 126 Ogden Avenue in Jersey City is a well-maintained legal 2-family home featuring two 3-bedroom units, a 2-bedroom bonus unit, a 2-car garage, and central AC. The property was sold for $1,700,000, translating to a price per unit of $850,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 2
- Price Per Unit: $850,000
- Address: 126 Ogden Avenue
- Market: Jersey City
Andrew Sanderson of EXP Realty represented the sale of the property. The deal showcases his expertise in the multifamily market and reflects the current demand for real estate in Jersey City.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93