TJM Durham 4316, LLC Acquires Multifamily Property In North Bergen, NJ For $1.7M
4316 Durham Avenue, North Bergen, NJ 07047
$1,700,000
$326/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Sep 17, 2021
AI
A multifamily property located at 4316 Durham Avenue in North Bergen, NJ has been sold. The property consists of 4 units with a total of 5,200 square feet. The sale price for this transaction was $1,700,000, resulting in a price per unit of $425,000. The property was initially listed for $1,850,000, and the sale price reflects a slightly lower amount. The buyer of the property is TJM Durham 4316, LLC, while the seller is 4316 Durham LLC. The deal was facilitated by brokers Maikol Puebla and Yillian Coca from Christie's International Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 4316 Durham Avenue, North Bergen, NJ
- Market: North Bergen, NJ
- Units: 4
- Price Per Unit: $425,000
- Square Footage: 5,200
- Buyer: TJM Durham 4316, LLC
- Seller: 4316 Durham LLC
- Brokers: Maikol Puebla & Yillian Coca - Christie's International Real Estate
This transaction showcases the successful sale of a multifamily property in North Bergen, NJ. The deal was facilitated by brokers Maikol Puebla and Yillian Coca from Christie's International Real Estate, who played a crucial role in connecting the buyer, TJM Durham 4316, LLC, with the seller, 4316 Durham LLC.
Players
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93