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13 Cambridge Avenue

Anne-Marie Pelletier Of Singleton Galmann Realty Represents Buyer In $1.26M Jersey City Multifamily Sale
SOLDMultiFamily

Anne-Marie Pelletier Of Singleton Galmann Realty Represents Buyer In $1.26M Jersey City Multifamily Sale

13 Cambridge Avenue

$1,260,000

Building Size

Asset Type

MultiFamily

Closing

Nov 7, 2024

AI

A four-family property located at 13 Cambridge Avenue in Jersey City Heights has been sold for a total of $1,260,000. The asset, currently operating as a three-family unit, includes two large 1-bedroom, 1-bathroom units, a 2-bedroom, 1-bathroom unit, and a garden-level unit with backyard access. The property features modern finishes and updated utilities across its four units, each providing the potential for increased income through its current configuration.

Summary of transaction details:

The transaction was facilitated by Anne-Marie Pelletier representing the buyer, while the seller was represented by Amar Mody and Basilio Rivera. This deal reflects the collaborative efforts of the involved real estate agencies in showcasing the property’s potential to interested buyers.

Players

Anne-Marie Pelletier

Singleton Galmann Realty

Broker

$10.2M

vol

6 deals

Broker

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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93