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4316 Durham Avenue, North B...

TJM Durham 4316, LLC Acquires Multifamily Property In North Bergen, NJ For $1.7M
SOLDMultiFamily

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

Maikol Puebla

Christie's International Real Estate

Broker

$12.1M

vol

8 deals

Broker

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