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
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