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909-911 Monroe Avenue

Updated May 25, 2026

Christian Cortez Acquires Multifamily Property In Elizabeth For $1.2M Seller Victor Lopez Represented By Jonathan J. Cardona
SOLDMultiFamily

Christian Cortez Acquires Multifamily Property In Elizabeth For $1.2M Seller Victor Lopez Represented By Jonathan J. Cardona

909-911 Monroe Avenue

$1,200,000

$333/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

May 4, 2026

About this deal

AI

The property involved in this transaction is a multifamily asset located at 909-911 Monroe Avenue in Elizabeth. The sale price for the property was $1,200,000, and it comprises 2 units with a total square footage of 3,600. The price per unit is $600,000, leading to a price per square foot of $333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 2
  • Square Footage: 3,600
  • Price Per Unit: $600,000
  • Price Per Square Foot: $333
  • Buyer: Christian Cortez
  • Seller: Victor Lopez
  • Seller's Rep: Jonathan J. Cardona - Keller Williams City Views

This transaction features Christian Cortez as the buyer and Victor Lopez as the seller. Jonathan J. Cardona from Keller Williams City Views represented the seller in this deal. The property is noted for being the highest selling renovated two-family home with an existing foundation.

On the Map

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$1,200,000

$333/SF

MultiFamily

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Players

Jonathan J Cardona

Keller Williams Realty

Broker

$2.3M

vol

2 deals

Broker

Victor Lopez

Seller

$9.9M

vol

2 deals

Seller

Elizabeth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $333 per square foot on a published $1.2M for 3,600 square feet (2026).

Visit Jonathan J Cardona to view all their deals.

Browse Elizabeth multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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