Updated Dec 21, 2023
Century 21 Realty Group Facilitates $1.4M Land Sale In North Bergen
2045 88th Street, North Bergen, New Jersey 07047, United States
$1,400,000
$151/SF
Building Size
9,230 SF
Asset Type
—
Closing
Feb 2, 2022
About this deal
AI
Located at 2045 88TH St in North Bergen, this transaction involved the sale of a land asset spanning 0.31 acres. The sale took place on February 3, 2022, with a sale price of $1,400,000. The buyers were represented by Charles Sepulveda, Jr. from CENTURY 21 Realty Group, while the sellers were represented by Cesar Diaz, also from CENTURY 21 Realty Group.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,400,000
- Address: 2045 88TH St, North Bergen
- Market: North Bergen
- Asset Type: Land
- Acres: 0.31
Charles Sepulveda, Jr. from CENTURY 21 Realty Group served as the buyer's representative, while Cesar Diaz, also from CENTURY 21 Realty Group, represented the sellers in this transaction.
Players
North Bergen CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93