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34 East 31st Street

Updated Dec 4, 2024

Sanjeev Prabhakar Of Coldwell Banker Represents Buyer In $1.1M Bayonne Multifamily Sale
SOLDMultiFamily

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:

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

Thomas Senger Jr.

Exit On The Hudson Realty

Broker

$1.1M

vol

1 deal

Broker

Bayonne MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $275K per unit across 4 units on a published $1.1M (2024).

Visit Coldwell Banker to view all their deals.

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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

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