Engel & Völkers Represents Buyer In $1.6M Sale Of Jersey City Multifamily Property
$1,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 5, 2023
AI
298.5 Pavonia Avenue in Jersey City, a multifamily property, sold for $1,600,000. The property is located in the market of Jersey City.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 298.5 Pavonia Avenue
- Market: Jersey City
Lisa Troyano from Engel & Völkers represented the buyer, and Gary Palermo from Re/Max represented the seller in this transaction.
Note: The sale of 298.5 Pavonia Avenue in Jersey City, a multifamily property, was facilitated by Lisa Troyano from Engel & Völkers as the buyer's representative, and Gary Palermo from Re/Max as the seller's representative.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93