Updated Dec 4, 2024
Sanjeev Prabhakar Of Coldwell Banker Represents Buyer In $1.1M Bayonne Multifamily Sale
34 East 31st Street
$1,100,000
Units
4
Asset Type
MultiFamily
Closing
Oct 17, 2024
About this deal
AI
The property asset involved in the transaction is located at 34-36 East 31st Street in Bayonne. It was sold for $1,100,000 and consists of four apartments. The property features a deep double lot measuring 50x180 and includes five large garages. Two of the apartments are currently vacant, offering potential for development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 4
- Price Per Unit: $275,000
- Buyer's Representative: Sanjeev Prabhakar - Coldwell Banker
- Seller's Representatives: Annette Rubin & Thomas Senger Jr. - Exit On The Hudson Realty
The transaction involved Sanjeev Prabhakar representing the buyer, while Annette Rubin and Thomas Senger Jr. represented the seller in this deal. The representatives played key roles in facilitating the sale, ensuring both parties reached a mutual agreement.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93