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Christie's International Acquires Multifamily Property In Jersey City For $1.31M

Property Image
SOLD
$1,310,000
William (Trip) Patterson
Timothy Smith
Sidney Jackson

New Jersey

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MultiFamily1,451 SF
Sold 07/29/2020
the dealplayerscompscontact
Property Image
SOLD

Christie's International Acquires Multifamily Property In Jersey City For $1.31M

381 Ogden Avenue, Jersey City, NJ 07307, USA

See Similar Deals
MultiFamily1,451 SF
Sold 07/29/2020
William (Trip) Patterson
Timothy Smith
Sidney Jackson
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$902
Total Square Footage:1,451 SF
Transaction Type:Sale

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.

Players

Timothy Smith
Timothy Smith
2 deals$2.8M volume
BROKER
Sidney Jackson
Sawyer Smith Residential
Sidney Jackson
1 deal$1.3M volume
BROKER
William (Trip) Patterson
Christie's International Real Estate
William Patterson
1 deal$1.3M volume
BROKER

Details

SOLD
IMAGE: William Patterson, Timothy Smith & Sidney Jackson DATE: 07/29/2021 ADDRESS: 381 Ogden Ave MARKET: Jersey City ASSET TYPE: Multifamily BUYER'S REP: William Patterson - Christie's International R.E. North Jersey, Inc SELLER'S REP: Timothy Smith & Sidney Jackson - Sawyer Smith Residential Brokerage SALE PRICE: $1,310,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
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