Updated Dec 4, 2024
Ausra Kontrimaite & Sherif Fanous Close Jersey City Multifamily Sale At $1.27M
26 Nunda Avenue
$1,270,000
Units
2
Asset Type
MultiFamily
Closing
May 1, 2024
About this deal
AI
A newer top/bottom 2-family house in Fort Lee, featuring modern interior design and amenities, sold for $1,200,000. Conveniently located near NYC bus stops, schools, and shops, the property at 26 Nunda Avenue in Jersey City boasts hardwood floors, recessed lighting, high ceilings, and a private deck with a fenced backyard, offering a sophisticated living experience in a prime location.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Units: 2 ~ PPU: $635,000
- Address: 26 Nunda Avenue
- Market: Jersey City
- Brokers: Ausra Kontrimaite & Sherif Fanous - Re/Max Villa Realtors
Ausra Kontrimaite and Sherif Fanous from Re/Max Villa Realtors represented the parties involved in the sale at 26 Nunda Avenue.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93