Updated Oct 28, 2024
Mike Tameraly Acquires Mixed-use Property On 6006 John F. Kennedy Blvd In West New York For $1.275M
6006 John F Kennedy Boulevard, West New York, New Jersey 07093, United States
$1,275,000
$242/SF
Building Size
5,250 SF
Asset Type
Mixed-use
Closing
Jun 8, 2022
About this deal
AI
The mixed-use property located at 6006 John F. Kennedy Blvd in West New York has been sold for a price of $1,275,000. The three-story brick building encompasses a total area of 5,250 square feet, resulting in a price per square foot of $243. The property features 5 residential units, 1 commercial unit, and a fully operational electronic billboard.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,275,000
- Address: 6006 John F. Kennedy Blvd
- Market: West New York
The buyer of the property is Mike Tameraly, while the seller is Fuchs Belgium Property LLC. The sale was facilitated by Yanni Marmarou, Tommy Lin, and Jack Drillock from B6 Real Estate Advisors, who represented the seller as their brokers. It's worth noting that B6 Real Estate Advisors successfully marketed the property after it had been unsuccessfully listed by several other brokerages.
For more information, interested parties can reach out to the B6 Real Estate Advisors' team at [email protected].
Players
West New York 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93