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190 West 54th Street

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

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

$94,300,000

$314/SF

Building Size

300,000 SF

Asset Type

MultiFamily

Closing

Apr 17, 2023

AI

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

RePropCo

Broker

$1.6B

vol

28 deals

Broker
WP
Woodmont PropertiesSeller

Bayonne 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93