Downtown Jersey City Multi Family Brownstone

[Jane Orlando]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Jersey City.

Purchase price: $1,500,000
Cash invested: $650,000

Lovely two family brick townhouse, built in 1895, located within a ten minute walk to Path trains into Manhattan.

What made you interested in investing in this type of deal?

I wanted to own a multi property in downtown and have a large chunk of mortgage offset by a rental unit.

How did you find this deal and how did you negotiate it?

On the MLS. I negotiated the price down $95k.

How did you finance this deal?

Cash and Mortgage

How did you add value to the deal?

Working on some renovations and making it a turn key investment.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the agent on the buy side.