Updated Sep 9, 2024
Cityliving Real Estate LLC Acquires Multifamily Property In Jersey City For $1.125M With Buyer's Rep Kevin Choy & Seller's Rep Edwin Vargas
440 Baldwin Avenue, Jersey City, New Jersey 07306, United States
$1,125,000
Units
3
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
A multifamily property located at 440 Baldwin Ave in Jersey City has been sold for a total price of $1,125,000. The property consists of 3 units, with each unit having a price per unit (PPU) of $375,000. The sale took place on 01/10/2022 and was facilitated by Kevin Choy from Cityliving Real Estate LLC representing the buyer, and Edwin Vargas from Keller Williams Park Views representing the seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Units: 3
- Price Per Unit (PPU): $375,000
- Date: 01/10/2022
- Address: 440 Baldwin Ave, Jersey City
Kevin Choy from Cityliving Real Estate LLC represented the buyer in this transaction, while Edwin Vargas from Keller Williams Park Views represented the seller. Both parties played a crucial role in facilitating the sale of this multifamily property.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93