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625 Kennedy Blvd

Lazer Herman Purchases Mixed-Use Property From Joe Wang In North Bergen For $2,650,000
SOLDMixed-use

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

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:

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.

Players

Steven Matovski

Redwood Realty Advisors

Broker

$133.8M

vol

40 deals

Broker

Lazer Herman

Buyer
Buyer

Joe Wang

Seller
Seller

North Bergen Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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