Updated Dec 21, 2023
Christie's International Acquires Multifamily Property In Jersey City For $1.31M
381 Ogden Avenue, Jersey City, NJ 07307, USA
$1,310,000
$902/SF
Building Size
1,451 SF
Asset Type
MultiFamily
Closing
Jul 29, 2020
About this deal
AI
A multifamily property located at 381 Ogden Ave in Jersey City has been sold for $1,310,000. The transaction took place on 07/29/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Address: 381 Ogden Ave, Jersey City
- Market: Jersey City
The buyer was represented by William Patterson from Christie's International R.E. North Jersey, Inc, while the seller was represented by Timothy Smith & Sidney Jackson from Sawyer Smith Residential Brokerage.
The multifamily sale at 381 Ogden Avenue, Jersey City, NJ 07307, USA in Jersey City, New Jersey sold for $1.3M in 2020. The building is 1,451 square feet, implying about 902 per square foot on the published price. William (Trip) Patterson, Timothy Smith, Sidney Jackson, Sawyer Smith Residential appear on the sale alongside Sawyer Smith Residential, Christie's International Real Estate. This page is the Jersey City, New Jersey file for the 381 Ogden Avenue, Jersey City, NJ 07307, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 381 Ogden Avenue, Jersey City, NJ 07307, USA around 2020. Published consideration for 381 Ogden Avenue, Jersey City, NJ 07307, USA is $1.3M, dated 2020. Cite this Christie's International Acquires Multifamily Property In Jersey City For $1.31M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93