Updated Sep 5, 2024
West Hoboken Residential Acquires Multifamily Property In North Bergen For $920K
6511 Grand Avenue, North Bergen, New Jersey 07047, United States
$920,000
$230/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Nov 3, 2022
About this deal
AI
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].
Players
North Bergen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $230 per square foot on a published $920K for 4,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.24%
Cash-on-Cash
-4.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93