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8201 Bergenline Avenue

Marcus & Millichap Facilitates Sale Of Mixed-Use Building In North Bergen For $2M
SOLDMixed-use

Marcus & Millichap Facilitates Sale Of Mixed-Use Building In North Bergen For $2M

8201 Bergenline Avenue

$2,000,000

$246/SF

Building Size

8,100 SF

Asset Type

Mixed-use

Closing

Feb 27, 2024

AI

An 8,100-square-foot mixed-use building located at 8201 Bergenline Avenue in North Bergen was recently sold for $2 million. The property consists of four residential apartments and two retail units, offering a prime location near major transportation hubs and scenic views of New York City.

Summary of transation details:

The sale was facilitated by Marcus & Millichap, with a local buyer swiftly closing the deal amidst high demand for mixed-use properties in Hudson County. The attractive features of the property, including its location near transportation hubs and stunning views of New York City, contributed to the successful transaction.

Players

Jonathan Zamora

Marcus & Millichap

Broker

$76.4M

vol

24 deals

Broker

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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93