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338 Pavonia Avenue, Jersey ...

Updated Dec 19, 2023

Damien Escobar & Lara Okukenu Acquire Single-Family Property In Jersey City, NJ For $2.05M
SOLDSingle Family Residence

Damien Escobar & Lara Okukenu Acquire Single-Family Property In Jersey City, NJ For $2.05M

338 Pavonia Avenue, Jersey City, NJ, USA

$2,055,000

$708/SF

Building Size

2,900 SF

Asset Type

Single Family Residence

Closing

Jul 19, 2020

About this deal

AI

A single-family property located at 338 Pavonia Avenue in Jersey City, NJ was recently sold in a transaction that took place on July 19, 2021. This property spans approximately 2,900 square feet and boasts a price per square foot of $709. The asset was listed for an asking price of $1,999,000 and ultimately sold for $2,055,000.

Summary of Transaction Details:

  • Property Type: Single-Family
  • Transaction Amount: $2,055,000
  • Address: 338 Pavonia Avenue, Jersey City, NJ
  • Market: Jersey City, NJ

The buyer of the property is Damien Escobar and Lara Okukenu, while the sellers are Deirdre and Daniel Murphy. Representing the buyer in this transaction is John Scipione, and the seller's representative is Jill Biggs.

Overall, this transaction highlights the successful sale of a single-family property in Jersey City, NJ. With a sale price of $2,055,000 and a spacious interior of 2,900 square feet, this property presents an opportunity for the new owners to enjoy the vibrant neighborhood and all that it has to offer.

Players

Jill Biggs

Coldwell Banker

Broker

$51.2M

vol

29 deals

Broker

Jersey City Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $708 per square foot on a published $2.1M for 2,900 square feet (2020).

Visit John Scipione to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.72%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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