Updated Dec 4, 2024
Gisselle Meneses Nunez Of Douglas Elliman Represents Buyer In $1.17M Jersey City Multifamily Sale
80 Baldwin Avenue
$1,170,000
Units
2
Asset Type
MultiFamily
Closing
Aug 27, 2024
About this deal
AI
A renovated two-family property located at 80 Baldwin Avenue in Jersey City sold for $1.17 million. This multifamily asset features modern updates, including new appliances and open-concept living spaces. The property includes outdoor areas and boasts a rooftop terrace offering views of the NYC skyline. One unit offers a duplex layout while the other provides single-level living. The price per unit is $585,000, with a total of 2 units available.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,170,000
- Units: 2
- Price Per Unit: $585,000
- Buyer's Representative: Gisselle Meneses Nunez - Douglas Elliman
- Seller's Representative: Diana Curtis - EXP Realty
The transaction involved Gisselle Meneses Nunez representing the buyer and Diana Curtis representing the seller, ensuring a professional and structured negotiation process throughout the sale of this Jersey City 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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93