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1191 John F Kennedy Boulevard

Mahmoud Ibrahim Acquires Development Site From Lukoil Gasoline In Bayonne, NJ For $1,100,000
SOLDMultiFamily

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.

Players

Bobby Antonicello Jr., CCIM

Grid Real Estate

Broker

$250.4M

vol

19 deals

Broker

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