West Hoboken Residential Acquires Multifamily Property In North Bergen For $920K
SOLD
$920,000
New Jersey
See Similar DealsMultiFamily4,000 SF
Sold 11/04/2022
SOLD
West Hoboken Residential Acquires Multifamily Property In North Bergen For $920K
6511 Grand Avenue, North Bergen, New Jersey 07047, United States
See Similar DealsMultiFamily4,000 SF
Sold 11/04/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:4,000 SF
Transaction Type:Sale
An multifamily property located at 6511 Grand Ave in North Bergen, NJ has been sold for $920,000. The property consists of 3 units with a price per unit of $306,667. The total square footage of the property is 4,000, with a price per square foot of $230.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $920,000
- Address: 6511 Grand Ave, North Bergen, NJ
- Market: North Bergen, NJ
- Units: 3
- Price per Unit: $306,667
- Square Footage: 4,000
- Price per Square Foot: $230
- Buyer's Representative: Angelo Del Monaco - West Hoboken Residential
- Seller's Representative: Erin Downs - Lifestyle International Realty JC
Angelo Del Monaco from West Hoboken Residential represented the buyer in this transaction, while Erin Downs from Lifestyle International Realty JC represented the seller.
For North Hudson County properties, contact Angelo via email at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,268.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,361.27
Annual Debt Service$52,335.23
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