Updated Sep 5, 2024
Gershon Adjaye Acquires Condo At 8125 River Rd North Bergen For $863K
8125 River Road, North Bergen, New Jersey 07047, United States
$863,000
$415/SF
Building Size
2,075 SF
Asset Type
—
Closing
Mar 3, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 8125 River Rd, North Bergen. It was sold on 03/04/2022. The condo has a total square footage of 2,075. The asking price for the property was $929,888, and it was sold for $863,000 with a price per square foot of $416. The sale of this condo was represented by Gershon Adjaye from Keller Williams Team Realty.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $863,000
- Date: 03/04/2022
- Address: 8125 River Rd, North Bergen
- Asking Price: $929,888
- Square Footage: 2,075
- Price Per Square Foot: $416
- Broker: Gershon Adjaye - Keller Williams Team Realty
In this transaction, Gershon Adjaye from Keller Williams Team Realty played a crucial role as the broker representing the seller and the buyer. The sale price of $863,000 was negotiated and agreed upon through their expertise and representation.
North Bergen CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $415 per square foot on a published $863K for 2,075 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.38%
Cash-on-Cash
-5.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93