Osman Afzal Purchases Mixed-Use Property From Alex Cho For $900,000 In West New York
5022 Bergenline Avenue
$900,000
$402/SF
Building Size
2,239 SF
Asset Type
Mixed-use
Closing
Sep 28, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 5022 Bergenline Avenue in West New York. The sale price of the property was $900,000, encompassing three units with an average price per unit of $300,000. The total square footage of the asset is 2,239, translating to a price per square foot of $401.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $900,000
- Buyer: Osman Afzal
- Seller: Alex Cho
- Brokers: Christopher Gerena & Chris Cervelli - Cervelli Real Estate & Property Management
- Units: 3
- Square Footage: 2,239
- Price Per Unit: $300,000
- Price Per Square Foot: $401
- Date of Sale: 09/29/2025
The transaction was facilitated by brokers Christopher Gerena and Chris Cervelli from Cervelli Real Estate & Property Management, who represented the buyer and seller respectively, playing significant roles in the successful completion of the deal.
Players
West New York 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