Johanna Fine Acquires Multifamily Property On Manila Avenue In Jersey City For $1.28M
SOLD
$1,280,000
New Jersey
See Similar DealsMultiFamily1,106 SF
Sold 12/28/2021
SOLD
Johanna Fine Acquires Multifamily Property On Manila Avenue In Jersey City For $1.28M
520 Manila Avenue, Jersey City, NJ 07302
See Similar DealsMultiFamily1,106 SF
Sold 12/28/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$1,157
Total Square Footage:1,106 SF
Transaction Type:Sale
A multifamily property located at 520 Manila Avenue in Jersey City has been sold for a total of $1,280,000. The transaction took place on December 28, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Date: 12/28/2021
- Address: 520 Manila Avenue
- Market: Jersey City
Johanna Fine, representing Christie's International Real Estate Northern New Jersey, acted as the buyer's representative in this transaction. The seller's representative was Edward Verdel from Compass New Jersey.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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