Updated Aug 21, 2026
Moses Schwartzman Acquires 50 Oak Street Multifamily Property In Bayonne For $1,225,000
50 Oak Street
$1,225,000
$187/SF
Building Size
6,534 SF
Asset Type
MultiFamily
Closing
Dec 23, 2019
About this deal
AI
A multi-family property located at 50 Oak Street in the Bayonne market was sold for $1,225,000.00. The asset spans a total area of 6,534 square feet.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,225,000.00
- Address: 50 Oak Street
- Market: Bayonne
- Square Footage: 6,534
- Buyer: Moses Schwartzman
- Seller: Frank Alessio
- Broker: Steven Matovski - Redwood Realty Advisors
- Sale Date: 12/23/2019
The transaction involved Moses Schwartzman as the buyer and Frank Alessio as the seller, with Steven Matovski from Redwood Realty Advisors representing the seller in this deal.
Players
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93