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Woodmont Properties Sells Multifamily Property In Bayonne, NJ For $94.3M With Buyer's Rep Bunny Escava, Isaac Setton & Richard Ades - Kassin Sabbagh Realty

Property Image
SOLD
$94,300,000
Ryan Dowd
Bunny Escava
+ 2

New Jersey

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MultiFamily300,000 SF
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Property Image
SOLD

Woodmont Properties Sells Multifamily Property In Bayonne, NJ For $94.3M With Buyer's Rep Bunny Escava, Isaac Setton & Richard Ades - Kassin Sabbagh Realty

190 West 54th Street

See Similar Deals
MultiFamily300,000 SF
Ryan Dowd
Bunny Escava
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:300,000 SF
Transaction Type:Sale

A multifamily property located at 190 West 54th Street in Bayonne, NJ has been sold for a total price of $94,300,000. The property consists of 220 units, with a price per unit of $428,636. The total square footage of the property is 300,000, resulting in a price per square foot of $314.

Summary of transation details

The sale of this property was facilitated by Bunny Escava, Isaac Setton, and Richard Ades from Kassin Sabbagh Realty as the buyer's representatives. Ryan Dowd and Brian Whitmer from Cushman & Wakefield represented the seller, Woodmont Properties.

Players

Brian Whitmer
28 deals$1.6B volume(201) 508-5209
BROKER

Bunny Escava
Kassin Sabbagh Realty
44 deals$1.2B volume(917) 886-7545
BROKER

Isaac R. Setton
Kassin Sabbagh Realty
30 deals$686.6M volume
BROKER

Ryan Dowd
Cushman & Wakefield
28 deals$2.3B volume(201) 508-5278
BROKER

Richard Ades
Kassin Sabbagh Realty
5 deals$163.3M volume(732) 882-9300
BROKER

SELLER

Details

SOLD
IMAGE: Ryan Dowd, Brian Whitmer, Isaac Setton, Bunny Escava, Richard Ades DATE: 12/14/2022 ADDRESS: 190 West 54th Street MARKET: Bayonne, NJ ASSET TYPE: Multifamily SELLER: Woodmont Properties BUYER'S REP: Bunny Escava (@Bunnnyyy), Isaac Setton (@IsaacrSetton) & Richard Ades - Kassin Sabbagh Realty SELLER'S REP: Ryan Dowd & Brian Whitmer- Cushman & Wakefield SALE PRICE: $94,300,000 UNITS: 220 ~ PPU: $428,636 SF: 300,000 ~ PPSF: $314

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,029,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$335,028.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$447,030.11
Annual Debt Service$5,364,361.32