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Joel Eigner Buys Multifamily Property From Avi Gagin In Bayonne For $1.34M

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SOLD
$1,340,000

New Jersey

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MultiFamily11,904 SF
Sold 03/05/2024
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Property Image
SOLD

Joel Eigner Buys Multifamily Property From Avi Gagin In Bayonne For $1.34M

382 Avenue C & 384 Avenue C

See Similar Deals
MultiFamily11,904 SF
Sold 03/05/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$112
Total Square Footage:11,904 SF
Transaction Type:Sale

The multifamily property located at 382-384 Avenue C in Bayonne, NJ, was recently sold for $1,340,000. The property consists of 6 units with a total of 5,952 square feet, resulting in a price per unit of $223,333 and a price per square foot of $225.

Summary of transaction details:

David Ferber from Matthews Real Estate Investment Services represented the parties involved in the transaction, assisting in the successful sale of the multifamily property. The buyer, Joel Eigner, completed the acquisition from the seller, Avi Gagin, in this real estate deal.

Players

David Ferber
24 deals$138M volume(201) 218-9156
BROKER

Details

SOLD
IMAGE: David Ferber DATE: 03/05/2024 ADDRESS: 382-384 Avenue C MARKET: Bayonne, NJ ASSET TYPE: Multifamily BUYER: Joel Eigner SELLER: Avi Gagin BROKER: David Ferber - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $1,340,000 UNITS: 6 ~ PPU: $223,333 SF: 5,952 ~ PPSF: $225

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,760.73
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