Updated Aug 21, 2026
Brian Phillips Purchases Mixed-use Property In Bayonne From Pat Connaghan For $1,675,000
23 25 W 8th Street
$1,675,000
$149/SF
Building Size
11,243 SF
Asset Type
Mixed-use
Closing
Feb 8, 2016
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 23 25 W 8th Street in the Bayonne market. The sale was completed for a price of $1,675,000.00, encompassing a total square footage of 11,243.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,675,000.00
- Address: 23 25 W 8th Street
- Market: Bayonne
- Square Footage: 11,243.0
- Buyer: Brian Phillips
- Seller: Pat Connaghan
- Broker: Steven Matovski (Redwood Realty Advisors)
This deal involved key individuals including buyer Brian Phillips and seller Pat Connaghan, with representation provided by broker Steven Matovski from Redwood Realty Advisors, facilitating the successful transaction.
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93