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
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.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93