Updated Dec 19, 2023
Johanna Fine Acquires Multifamily Property On Manila Avenue In Jersey City For $1.28M
520 Manila Avenue, Jersey City, NJ 07302
$1,280,000
$1,157/SF
Building Size
1,106 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
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.
The multifamily sale at 520 Manila Avenue, Jersey City, NJ 07302 in Jersey City, New Jersey sold for $1.3M in 2021. The building is 1,106 square feet, implying about 1.2K per square foot on the published price. Johanna Fine, Ed Verdel, Christie's International Real Estate, Compass appear on the sale alongside Christie's International Real Estate, Compass. This page is the Jersey City, New Jersey file for the 520 Manila Avenue, Jersey City, NJ 07302 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Jersey City sit in the Market section below. Filter that Jersey City multifamily set by closing date to see what else sold near 520 Manila Avenue, Jersey City, NJ 07302 around 2021. Published consideration for 520 Manila Avenue, Jersey City, NJ 07302 is $1.3M, dated 2021. Cite this Johanna Fine Acquires Multifamily Property On Manila Avenue In Jersey City For $1.28M sale when underwriting similar multifamily product around Jersey City, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93