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5022 Bergenline Avenue

Osman Afzal Purchases Mixed-Use Property From Alex Cho For $900,000 In West New York
SOLDMixed-use

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

Chris Cervelli

Cervelli Real Estate & Property Management

Broker

$8.1M

vol

5 deals

Broker
Cervelli Real Estate & Property Management
Cervelli Real Estate & Property ManagementBrokerage

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