Mahmoud Ibrahim Acquires Development Site From Lukoil Gasoline In Bayonne, NJ For $1,100,000
1191 John F Kennedy Boulevard
$1,100,000
$88/SF
Building Size
12,500 SF
Asset Type
MultiFamily
Closing
Mar 1, 2024
AI
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.
Bayonne MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93