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80 Baldwin Avenue

Updated Dec 4, 2024

Gisselle Meneses Nunez Of Douglas Elliman Represents Buyer In $1.17M Jersey City Multifamily Sale
SOLDMultiFamily

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:

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

Diana Curtis

EXP Realty

Broker

$2.4M

vol

2 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $585K per unit across 2 units on a published $1.2M (2024).

Visit Diana Curtis to view all their deals.

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

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