Amar Mody, Basilio Rivera & Megha Moza Of Sotheby's International Realty Sell Development Site In Jersey City For $5.5M
829 Bergen Avenue
$5,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 3, 2025
AI
The property asset involved is a development site located at 829 Bergen Avenue in Jersey City. The transaction was completed for a price of $5,500,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,500,000
- Address: 829 Bergen Avenue
- Market: Jersey City
- Seller's Representatives: Amar Mody, Basilio Rivera & Megha Moza - Sotheby's International Realty
The deal was facilitated by Amar Mody, Basilio Rivera, and Megha Moza, who represented the seller through Sotheby's International Realty, ensuring a professional and structured transaction process.
Players
Jersey City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93