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Ausra Kontrimaite & Sherif Fanous Close Jersey City Multifamily Sale At $1.27M

Property Image
SOLD
$1,270,000
Sherif Fanous
Ausra Kontrimaite

New Jersey

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MultiFamily
Sold 05/01/2024
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Property Image
SOLD

Ausra Kontrimaite & Sherif Fanous Close Jersey City Multifamily Sale At $1.27M

26 Nunda Avenue

See Similar Deals
MultiFamily
Sold 05/01/2024
Sherif Fanous
Ausra Kontrimaite
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

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:

Ausra Kontrimaite and Sherif Fanous from Re/Max Villa Realtors represented the parties involved in the sale at 26 Nunda Avenue.

Players

Sherif Fanous
Re/Max
Sherif Fanous
6 deals$8.8M volume
BROKER
Ausra Kontrimaite
Re/Max
Ausra Kontrimaite
1 deal$1.3M volume(917) 474-0299
BROKER

Details

SOLD
IMAGE: Ausra Kontrimaite & Sherif Fanous DATE: 05/01/2024 ADDRESS: 26 Nunda Avenue MARKET: Jersey City ASSET TYPE: Multifamily BROKERS: Ausra Kontrimaite (@AK_sellingnj) & Sherif Fanous (@Selljc) - Re/Max Villa Realtors (@Remax.Villa) SALE PRICE: $1,270,000 UNITS: 2 ~ PPU: $635,000 NOTE: 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 boasts hardwood floors, recessed lighting, high ceilings, and a private deck with a fenced backyard, offering a sophisticated living experience in a prime location.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38