Updated Dec 20, 2023
Weichert Realtors Acquires Multifamily Property In Jersey City For $1.425M With Buyer's Rep Ryan Lowney & Seller's Rep Edward Verdel
13 Magnolia Ave, Jersey City, NJ, USA
$1,425,000
$678/SF
Building Size
2,100 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
About this deal
AI
An image posted on Instagram by Ryan Lowney & Edward Verdel showcased a recent sale in Jersey City. The transaction took place on February 19, 2021, at the property located at 13 Magnolia Ave. This property falls under the multifamily asset type category.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Market: Jersey City
- Buyer's Representative: Ryan Lowney - Weichert Realtors
- Seller's Representative: Edward Verdel - Compass New Jersey, LLC
The buyer's representative for this deal was Ryan Lowney from Weichert Realtors, while the seller was represented by Edward Verdel from Compass New Jersey, LLC.
On the Map
$1,425,000
$678/SF
MultiFamily
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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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93