TJM 1506 LLC Acquires Multifamily Property In North Bergen, NJ For $1.7M
1504 45th St, North Bergen, New Jersey 07047, United States
$1,700,000
$283/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
AI
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.
North Bergen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93