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19 Ravine Ave, Jersey City,...

Berkshire Hathaway HomeServices Acquires Multifamily Property In Jersey City For $1.12M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Multifamily Property In Jersey City For $1.12M

19 Ravine Ave, Jersey City, NJ, USA

$1,117,200

$310/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Mar 2, 2021

AI

Andrew O'Donnell of Berkshire Hathaway HomeServices Hudson River Properties represented the buyer, while Daniela Sepulveda of Weichert, Realtors represented the seller in the sale of a multifamily property located at 19 Ravine Ave in Jersey City. The transaction took place on 03/03/2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,117,200
  • Address: 19 Ravine Ave
  • Market: Jersey City
  • Buyer's Representative: Andrew O'Donnell - Berkshire Hathaway HomeServices Hudson River Properties
  • Seller's Representative: Daniela Sepulveda - Weichert, Realtors
  • Square Footage: 3,600
  • Price per Square Foot: $310
  • Number of Units: 2
  • Price per Unit: $558,600

This transaction involved a multifamily property located at 19 Ravine Ave in Jersey City. The property spans a total of 3,600 square feet, with a price per square foot of $310. It consists of 2 units, with a price per unit of $558,600. The deal was facilitated by Andrew O'Donnell of Berkshire Hathaway HomeServices Hudson River Properties, representing the buyer, and Daniela Sepulveda of Weichert, Realtors, representing the seller.

Players

Daniela Sepulveda

Broker

$1.1M

vol

1 deal

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

14.20%

Cash-on-Cash

-4.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93