Updated Dec 4, 2024
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
Units
4
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
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
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