Updated Dec 19, 2023
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
Jersey City Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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