Updated Sep 9, 2024
Marcus & Millichap Sells 265 Ave. B, Bayonne Multifamily For $1M
265 Avenue B, Bayonne, NJ, 07002
$1,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
The property at 265 Avenue B, Bayonne, NJ, 07002 is a MultiFamily asset that was sold for $1,000,000.00 in Hudson County, New Jersey. The property comprises eight residential units and one storefront in the Bayonne market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,000,000.00
- Location: 265 Avenue B, Bayonne, NJ, 07002
- Seller's Representative: Tyler Van Wagoner(Marcus & Millichap)
Fahri Ozturk and Tyler Van Wagoner, both from Marcus & Millichap’s New Jersey office, represented the sellers - private individuals - in the sale of the property at 265 Avenue B in Bayonne. The transaction involved two separate deals in Hudson County, New Jersey, with a combined value of $3.5 million.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93