Updated Oct 2, 2026
Lazer Herman Purchases Mixed-Use Property From Joe Wang In North Bergen For $2,650,000
625 Kennedy Blvd
$2,650,000
$220/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Jan 20, 2023
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 625 Kennedy Blvd, North Bergen. The sale was finalized for a price of $2,650,000.00 and encompasses a total square footage of 12,000.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,650,000.00
- Address: 625 Kennedy Blvd
- Market: North Bergen
- Square Footage: 12,000.0
- Buyer: Lazer Herman
- Seller: Joe Wang
- Broker: Steven Matovski - Redwood Realty Advisors
The key individuals involved in this transaction include Lazer Herman, who acted as the buyer, and Joe Wang, the seller of the property. Steven Matovski from Redwood Realty Advisors represented the buyer in this deal, facilitating the transaction process.
On the Map
$2,650,000
$220/SF
Mixed-use
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North Bergen 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93