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829 Bergen Avenue

Amar Mody, Basilio Rivera & Megha Moza Of Sotheby's International Realty Sell Development Site In Jersey City For $5.5M
SOLDDevelopment Site

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:

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

Megha Moza

Sotheby's International Realty

Broker

$11.7M

vol

4 deals

Broker

Jersey City Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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