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6050 Boulevard East

Lei-Chen Chen & Shyhkuan Chen Acquire Multifamily Asset At 6050 Boulevard East For $820,000
SOLDMultiFamily

Lei-Chen Chen & Shyhkuan Chen Acquire Multifamily Asset At 6050 Boulevard East For $820,000

6050 Boulevard East

$820,000

$474/SF

Building Size

1,730 SF

Asset Type

MultiFamily

Closing

Feb 21, 2025

AI

The multifamily asset located at 6050 Boulevard East in West New York features a total of 1,730 square feet. The property was sold for a transaction amount of $820,000, resulting in a price per unit of $820,000 and a price per square foot of $473.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $820,000
  • Units: 1
  • Square Footage: 1,730
  • Price per Unit: $820,000
  • Price per Square Foot: $473
  • Buyer: Lei-Chen Chen & Shyhkuan Chen
  • Seller: Kyle Kox
  • Seller's Representative: Gershon Adjaye - Keller Williams Realty
  • Attorney: Christopher Martone - Martone & Associates LLC
  • Note: All cash sale. No contingencies, aside from standard home inspection.

The buyer in this transaction is Lei-Chen Chen and Shyhkuan Chen, while Kyle Kox serves as the seller. The deal was represented by Gershon Adjaye of Keller Williams Realty, with legal representation provided by Christopher Martone from Martone & Associates LLC.

Players

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker

West New York 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

19.35%

Cash-on-Cash

-5.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93