Updated Oct 28, 2024
Joseph Godinger Buys Mixed-Use Property In Bayonne For $900K
785 Broadway, Bayonne, NJ, USA
$900,000
$163/SF
Building Size
5,520 SF
Asset Type
Mixed-use
Closing
Jun 28, 2020
About this deal
AI
A mixed-use property located at 785 Broadway in Bayonne, NJ was recently sold in a transaction dated June 28, 2021. The property was listed for sale with an asking price of $900,000, and it was sold for the same price. The property consists of 6 units, resulting in a price per unit of $150,000.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $900,000
- Address: 785 Broadway, Bayonne, NJ
- Market: Bayonne, NJ
The buyer of the property is Joseph Godinger, while the seller is 785 Broadway LLC. The deal was facilitated by Ronald Roman from West Hoboken Residential, who acted as the broker in the transaction.
Note: For Multi Family or Mixed-use deals, interested parties can reach out to Ronald Roman at [email protected].
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93