Coldwell Banker Acquires Multifamily Property In Jersey City For $1.75M
420 Ogden Avenue, Jersey City, New Jersey 07307, United States
$1,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 16, 2022
AI
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.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93