Updated Dec 21, 2023
Christie's International Real Estate Sells Multifamily Property In North Bergen For $1.5M
1321 73rd Street, North Bergen, New Jersey 07047, United States
$1,500,000
$300/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Apr 29, 2022
About this deal
AI
A multifamily property located at 1321 73rd St in North Bergen was recently sold for a price of $1,500,000. The property consists of 3 units, resulting in a price per unit of $500,000. The total square footage of the property is 5,000, making the price per square foot $300.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Units: 3
- Price per Unit: $500,000
- Square Footage: 5,000
- Price per Square Foot: $300
- Address: 1321 73rd St, North Bergen
- Market: North Bergen
- Broker: Justin Carbajal - Christie's International Real Estate
Representing the buyer and seller in this transaction was Justin Carbajal from Christie's International Real Estate. With their expertise, the deal was successfully closed.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93