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Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ

Property Image
SOLD
$925,000

New Jersey

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MultiFamily2,500 SF
Sold 06/01/2020
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Property Image
SOLD

Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ

324 Avenue B, Bayonne, NJ, USA

See Similar Deals
MultiFamily2,500 SF
Sold 06/01/2020
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$370
Total Square Footage:2,500 SF
Transaction Type:Sale

A multifamily property located at 324 Avenue B in Bayonne, NJ was recently sold. The transaction took place on 06/01/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Price: $999,000
  • Sale Price: $925,000
  • Address: 324 Avenue B, Bayonne, NJ

Natalie Esfandiari from Weichert represented the parties involved in the sale of this property.

Players

Natalie Esfandiari
8 deals$8.4M volume
BROKER

Details

SOLD
IMAGE: Natalie Esfandiari DATE: 06/01/2021 ADDRESS: 324 Avenue B MARKET: Bayonne, NJ ASSET TYPE: Multifamily BROKER: Natalie Esfandiari @Weichert ASKING PRICE: $999,000 SALE PRICE: $925,000

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

$49,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66