Updated Dec 21, 2023
Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ
324 Avenue B, Bayonne, NJ, USA
$925,000
$370/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
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.
The multifamily sale at 324 Avenue B, Bayonne, NJ, USA in Bayonne, New Jersey sold for $925K in 2020. The building is 2,500 square feet, implying about 370 per square foot on the published price. Natalie Esfandiari, Weichert Realtors appear on the sale alongside Weichert Realtors. This page is the Bayonne, New Jersey file for the 324 Avenue B, Bayonne, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Bayonne sit in the Market section below. Filter that Bayonne multifamily set by closing date to see what else sold near 324 Avenue B, Bayonne, NJ, USA around 2020. Published consideration for 324 Avenue B, Bayonne, NJ, USA is $925K, dated 2020. Cite this Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ sale when underwriting similar multifamily product around Bayonne, New Jersey.
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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93