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
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.
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