Updated Dec 4, 2024
Joseph Aziz Facilitates $1M Multifamily Sale On 75th Street, North Bergen
427 75th Street
$1,000,000
$250/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
May 17, 2024
About this deal
AI
The multifamily property located at 427 75th Street in North Bergen was recently sold for $1,000,000. The property consists of 7 units with a total square footage of 4,000. The price per unit equated to $142,857, and the price per square foot was $250. The cap rate for this transaction was 2%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 7
- Square Footage: 4,000
- Price per Unit: $142,857
- Price per Square Foot: $250
- Cap Rate: 2%
- Address: 427 75th Street, North Bergen
- Broker: Joseph Aziz - Prestige Property Group
Joseph Aziz from Prestige Property Group represented the parties involved in this transaction as the broker. The deal took place on May 17, 2024.
On the Map
$1,000,000
$250/SF
MultiFamily
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North Bergen 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93