TJM 1506 LLC Acquires Multifamily Property In North Bergen, NJ For $1.7M
SOLD
$1,700,000
New Jersey
See Similar DealsMultiFamily6,000 SF
Sold 02/16/2022
SOLD
TJM 1506 LLC Acquires Multifamily Property In North Bergen, NJ For $1.7M
1504 45th St, North Bergen, New Jersey 07047, United States
See Similar DealsMultiFamily6,000 SF
Sold 02/16/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:6,000 SF
Transaction Type:Sale
The multifamily property located at 1504-1506 45th Street in North Bergen, NJ has been sold for a price of $1,700,000. The property consists of 4 units with an average price per unit of $425,000. It spans across 6,000 square feet, resulting in a price per square foot of $283.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Date: 02/16/2022
- Address: 1504-1506 45th Street, North Bergen, NJ
- Market: North Bergen, NJ
- Buyer: TJM 1506 LLC
- Seller: Shayona LLC
- Broker: Maikol Puebla - Christie's International Real Estate
- Units: 4
- Average Price per Unit: $425,000
- Square Footage: 6,000
- Price per Square Foot: $283
The transaction was facilitated by Maikol Puebla of Christie's International Real Estate, who represented both the buyer, TJM 1506 LLC, and the seller, Shayona LLC, in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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