Updated Dec 19, 2023
Ramy Eid Acquires Single Family Property On West Side, Jersey City For $1.12M With James Cahill & Sawyer Smith
96 Gifford Avenue, Jersey City, NJ 07304
$1,120,000
$366/SF
Building Size
3,056 SF
Asset Type
Single Family Residence
Closing
Jul 9, 2020
About this deal
AI
A single-family home located at 96 Gifford Ave in West Side, Jersey City, has been sold for $1,120,000. The property, with a total area of 3,056 square feet, is situated on a spacious lot measuring 50 x 110. The sale took place on July 9, 2021, and the transaction involved the buyer, Ramy Eid, and the seller, Marvin Glazerman.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $1,120,000
- Market: West Side, Jersey City
- Address: 96 Gifford Ave
- Buyer: Ramy Eid
- Seller: Marvin Glazerman
- Buyer's Representative: James Cahill - Remax on the Hudson
- Seller's Representative: Sawyer Smith - Sawyer Smith Residential
- Asking Price: $1,149,000
- Square Feet: 3,056
- Lot Size: 50 x 110
James Cahill from Remax on the Hudson represented the buyer, Ramy Eid, in the transaction. Meanwhile, Sawyer Smith of Sawyer Smith Residential acted as the seller's representative, aiding Marvin Glazerman in the sale.
Players
Jersey City Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $366 per square foot on a published $1.1M for 3,056 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93