Updated Sep 9, 2024
Fahri Ozturk, Richard Gatto & David Ferber Facilitate $1.6M Sale Of Multifamily Property In Jersey City
331 Baldwin Avenue, Jersey City, NJ 07306, USA
$1,575,000
$240/SF
Building Size
6,544 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
A multifamily property located at 331 Baldwin Avenue in Jersey City, NJ has been sold for a total price of $1,575,000. The property consists of 9 units, resulting in a per unit price of $175,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Address: 331 Baldwin Avenue, Jersey City, NJ
- Total Units: 9
- Price per Unit: $175,000
The sale of this multifamily property was facilitated by Fahri Ozturk, Richard Gatto, and David Ferber, CPA. They represented either the buyer or the seller in this transaction.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93