Joseph Godinger Buys Mixed-Use Property In Bayonne For $900K
SOLD
$900,000
New Jersey
See Similar DealsMixed-use5,520 SF
Sold 06/28/2020
SOLD
Joseph Godinger Buys Mixed-Use Property In Bayonne For $900K
785 Broadway, Bayonne, NJ, USA
See Similar DealsMixed-use5,520 SF
Sold 06/28/2020
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$163
Total Square Footage:5,520 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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