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
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