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1086 Avenue C, Bayonne, New...

The Kislak Company Acquires Mixed-Use Properties In Bayonne, Hillside, Elizabeth & Pert Amboy For $6.8M
SOLDMixed-use

The Kislak Company Acquires Mixed-Use Properties In Bayonne, Hillside, Elizabeth & Pert Amboy For $6.8M

1086 Avenue C, Bayonne, New Jersey 07002, United States

$6,826,500

Building Size

Asset Type

Mixed-use

Closing

Jan 26, 2022

AI

The mixed-use property located at 1086, 1088, & 1090 Avenue C, 1055 Avenue C, 90 West 20th Street, 48 West 54th Street, 418 Avenue C, 217-219 Hillside Street, 476 Bloy Street, 1041 Louisa Street & 499 Amboy Avenue in Bayonne, Hillside, Elizabeth & Pert Amboy has been sold in a closed transaction. The property consists of 52 units and was sold for a price of $6,826,500, resulting in a per unit price of $131,279.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $6,826,500
  • Address: 1086, 1088, & 1090 Avenue C, 1055 Avenue C, 90 West 20th Street, 48 West 54th Street, 418 Avenue C, 217-219 Hillside Street, 476 Bloy Street, 1041 Louisa Street & 499 Amboy Avenue
  • Market: Bayonne, Hillside, Elizabeth & Pert Amboy

The sale was facilitated by Tom Scatuorchio & Davis Briones of The Kislak Company, Inc.

Players

Tom Scatuorchio

Kislak

Broker

$92.6M

vol

16 deals

Broker

Bayonne Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.32%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93