Coldwell Banker Acquires Multifamily Property In Jersey City For $1.75M
SOLD
$1,750,000
New Jersey
See Similar DealsMultiFamily
Sold 03/17/2022
SOLD
Coldwell Banker Acquires Multifamily Property In Jersey City For $1.75M
420 Ogden Avenue, Jersey City, New Jersey 07307, United States
See Similar DealsMultiFamily
Sold 03/17/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
Located at 420 Ogden Ave in Jersey City, this multifamily property was recently sold for $1,750,000. The transaction took place on March 17, 2022, and was facilitated by Jill Biggs from Coldwell Banker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 420 Ogden Ave, Jersey City
- Market: Jersey City
Jill Biggs, a representative from Coldwell Banker, acted as the broker in this sale. The property at 420 Ogden Ave in Jersey City offers a lucrative investment opportunity for the buyer, thanks to its multifamily asset type and its prime location in the Jersey City market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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