Updated Sep 9, 2024
Marcus & Millichap Facilitates $12M Sale Of Multifamily Property In Jersey City
64 Baldwin Ave, Journal Square, Jersey City, NJ, USA
$12,000,000
Units
82
Asset Type
MultiFamily
Closing
Sep 6, 2021
About this deal
AI
The multifamily property located at 64 Baldwin Ave & 111 Garrison Ave in Jersey City, NJ has been sold for a total price of $12,000,000. The property consists of 82 units, with a per unit price of $146,341.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Units: 82
- Price Per Unit: $146,341
The sale of this property was facilitated by Fahri Ozturk, Richard D. Gatto, and David Ferber, all representing Marcus & Millichap.
The multifamily sale at 64 Baldwin Ave, Journal Square, Jersey City, NJ, USA in Jersey City, New Jersey sold for $12M in 2021. Reported inventory is 82 units across 82 units. David Ferber, Richard Gatto, Fahri Ozturk, Matthews appear on the sale alongside Matthews, CBRE, Marcus & Millichap. This page is the Jersey City, New Jersey file for the 64 Baldwin Ave, Journal Square, Jersey City, NJ, USA 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 64 Baldwin Ave, Journal Square, Jersey City, NJ, USA around 2021. Published consideration for 64 Baldwin Ave, Journal Square, Jersey City, NJ, USA is $12M, dated 2021. Cite this Marcus & Millichap Facilitates $12M Sale Of Multifamily Property In Jersey City sale when underwriting similar multifamily product around Jersey City, New Jersey.
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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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93