Updated Aug 21, 2026
Moses Schwartzman Purchases Multifamily Asset From Raj Patel For $1,800,000 In Bayonne
481 487 Kennedy Blvd
$1,800,000
$129/SF
Building Size
13,950 SF
Asset Type
MultiFamily
Closing
Aug 1, 2019
About this deal
AI
The property asset involved in this transaction is located at 481 487 Kennedy Blvd in Bayonne. This multi-family property was sold for $1,800,000.00 and covers a total area of 13,950 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,800,000.00
- Address: 481 487 Kennedy Blvd
- Market: Bayonne
- Total Square Footage: 13,950.0
- Buyer: Moses Schwartzman
- Seller: Raj Patel
- Brokers: Steven Matovski - Redwood Realty Advisors
This transaction involved key individuals including the buyer, Moses Schwartzman, and the seller, Raj Patel. The deal was facilitated by Steven Matovski, representing the brokerage firm Redwood Realty Advisors, who played a significant role in the transaction process.
Players
Bayonne MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Matovski to view all their deals.
Browse Bayonne multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93