Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ
SOLD
$925,000
New Jersey
See Similar DealsMultiFamily2,500 SF
Sold 06/01/2020
SOLD
Weichert Brokers $925K Sale Of Multifamily Property In Bayonne, NJ
324 Avenue B, Bayonne, NJ, USA
See Similar DealsMultiFamily2,500 SF
Sold 06/01/2020
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.
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Deal Type
30 years
10 years
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
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