Mahmoud Ibrahim Acquires Development Site From Lukoil Gasoline In Bayonne, NJ For $1,100,000
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily12,500 SF
Sold 03/01/2024
SOLD
Mahmoud Ibrahim Acquires Development Site From Lukoil Gasoline In Bayonne, NJ For $1,100,000
1191 John F Kennedy Boulevard
See Similar DealsMultiFamily12,500 SF
Sold 03/01/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:12,500 SF
Transaction Type:Sale
The development site located at 1191 John F Kennedy Boulevard in Bayonne, NJ, has been sold in a transaction involving the buyer Mahmoud Ibrahim and the seller Lukoil Gasoline. The property spans 12,500 square feet and was sold for $1,100,000, resulting in a price per square foot of $88.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,100,000
- Address: 1191 John F Kennedy Boulevard
- Market: Bayonne, NJ
- Buyer: Mahmoud Ibrahim
- Seller: Lukoil Gasoline
- Broker: Robert Antonicello Jr. - Grid Real Estate
Robert Antonicello Jr. of Grid Real Estate represented the buyer and seller in this transaction, facilitating the agreement between Mahmoud Ibrahim and Lukoil Gasoline for the sale of the development site at 1191 John F Kennedy Boulevard.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
Is there something missing? Send suggestions