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1204 51st Street

North Bergen Multifamily Property Sells For $1.65M With Buyer's Rep Deborah Felder & Seller's Rep Pharoah Lozano
SOLDMultiFamily

North Bergen Multifamily Property Sells For $1.65M With Buyer's Rep Deborah Felder & Seller's Rep Pharoah Lozano

1204 51st Street

$1,650,000

Building Size

Asset Type

MultiFamily

Closing

Sep 29, 2023

AI

A North Bergen multifamily property located at 1204 51st Street has been sold for $1.65 million. The property consists of four units, resulting in a price per unit (PPU) of $412,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 4
  • PPU: $412,500
  • Address: 1204 51st Street
  • Market: North Bergen

Deborah Felder, representing Coldwell Banker, acted as the buyer's representative in the transaction. Pharoah Lozano, from Keller Williams City Views, represented the seller. The deal was successfully executed with Deborah Felder securing the purchase for her client and Pharoah Lozano facilitating the sale on behalf of the seller.

Players

Pharoah Lozano

Keller Williams Realty

Broker

$9.5M

vol

6 deals

Broker

North Bergen 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93