Amar Mody, Basilio Rivera & Megha Moza Of Sotheby's International Realty Sell Development Site In Jersey City For $5.5M
SOLD
$5,500,000
New Jersey
See Similar DealsDevelopment Site
Sold 01/03/2025
SOLD
Amar Mody, Basilio Rivera & Megha Moza Of Sotheby's International Realty Sell Development Site In Jersey City For $5.5M
829 Bergen Avenue
See Similar DealsDevelopment Site
Sold 01/03/2025
Summary
NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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