Updated Aug 21, 2026
Moses Schwartzman Acquires Multifamily Property From Abel Badjre In Bayonne For $1,975,000
488 494 Kennedy Blvd
$1,975,000
$209/SF
Building Size
9,450 SF
Asset Type
MultiFamily
Closing
May 29, 2018
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 488 494 Kennedy Blvd in the Bayonne market. The transaction was executed for a price of $1,975,000.00, encompassing a total square footage of 9,450.0 sq ft.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,975,000.00
- Address: 488 494 Kennedy Blvd
- Market: Bayonne
- Square Footage: 9,450.0
- Buyer: Moses Schwartzman
- Seller: Abel Badjre
- Broker: Steven Matovski - Redwood Realty Advisors
This transaction involved key individuals including the buyer, Moses Schwartzman, and the seller, Abel Badjre. The brokerage services were provided by Steven Matovski, who represented Redwood Realty Advisors in facilitating this sale.
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Bayonne 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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93