Multifamily Property In Jersey City Sold For $1.05M With Keller Williams & Coldwell Banker Representatives
129 Ogden Avenue
$1,050,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 29, 2024
AI
129 Ogden Avenue in Jersey City, a multifamily property, sold for $1,050,000. The transaction was facilitated by Justin Braverman from Keller Williams, who represented the buyer, and Jill Biggs from Coldwell Banker, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 129 Ogden Avenue, Jersey City
- Market: Jersey City
- Buyer's Rep: Justin Braverman - Keller Williams
- Seller's Rep: Jill Biggs - Coldwell Banker
The buyer's representative, Justin Braverman from Keller Williams, played a pivotal role in the transaction. On the other side, Jill Biggs from Coldwell Banker represented the seller. Both parties' expertise and negotiation skills contributed to the successful sale of the multifamily property.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93