Updated Dec 21, 2023
Coldwell Banker Residential Brokerage Sells Jersey City Multifamily For $1.11M
91 Magnolia Avenue, Jersey City, NJ 07306, USA
$1,110,000
$301/SF
Building Size
3,678 SF
Asset Type
MultiFamily
Closing
Jul 26, 2020
About this deal
AI
Located at 91A Magnolia Ave in Jersey City, NJ, this multifamily property was recently sold for $1,110,000. The sale took place on 07/26/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 91A Magnolia Ave, Jersey City, NJ
- Date: 07/26/2021
- Market: Jersey City, NJ
The sale of this property was facilitated by Michele Mandler and Richard Maio from Coldwell Banker Residential Brokerage. They represented the individuals involved in the deal and successfully completed the transaction.
The multifamily sale at 91 Magnolia Avenue, Jersey City, NJ 07306, USA in Jersey City, New Jersey sold for $1.1M in 2020. The building is 3,678 square feet, implying about 301 per square foot on the published price. Richard "Rich" Maio, Michele Mandler, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Jersey City, New Jersey file for the 91 Magnolia Avenue, Jersey City, NJ 07306, 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 91 Magnolia Avenue, Jersey City, NJ 07306, USA around 2020. Published consideration for 91 Magnolia Avenue, Jersey City, NJ 07306, USA is $1.1M, dated 2020. Cite this Coldwell Banker Residential Brokerage Sells Jersey City Multifamily For $1.11M sale when underwriting similar multifamily product around Jersey City, New Jersey.
Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $301 per square foot on a published $1.1M for 3,678 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93