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
- Property Type: Multifamily
- Transaction Amount: $94,300,000
- Units: 220
- Price per Unit: $428,636
- Square Footage: 300,000
- Price per Square Foot: $314
- Seller: Woodmont Properties
- Buyer's Representative: Bunny Escava, Isaac Setton & Richard Ades - Kassin Sabbagh Realty
- Seller's Representatives: Ryan Dowd & Brian Whitmer - Cushman & Wakefield
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
Bayonne 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93