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@MilesBronstein, @BrettPRosenthal, @DerekGreenbaum Acquire Multifamily Asset In Hudson County, NJ For $2.775M

Property Image
SOLD
$2,775,000
Brett Rosenthal

New Jersey

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MultiFamily15,000 SF
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Property Image
SOLD

@MilesBronstein, @BrettPRosenthal, @DerekGreenbaum Acquire Multifamily Asset In Hudson County, NJ For $2.775M

68-72 W 25th St, Bayonne, Hudson County, NJ, USA

See Similar Deals
MultiFamily15,000 SF
Sold 03/20/2021
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$185
Total Square Footage:15,000 SF
Transaction Type:Sale

The multifamily property located at 68-72 W. 25th St. in Hudson County, NJ was recently sold in a closed transaction. The sale took place on 03/20/2021 and the property was purchased for a total of $2,775,000. The property consists of 15 units with a price per unit of $185,000. It spans across an area of 15,000 square feet with a price per square foot of $185. The property has a capitalization rate of 4.5%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,775,000
  • Units: 15
  • Price Per Unit: $185,000
  • Square Footage: 15,000
  • Price Per Square Foot: $185
  • Capitalization Rate: 4.5%

The buyers involved in this transaction are Miles Bronstein, Brett Rosenthal, and Derek Greenbaum, as represented by their respective Instagram handles (@MilesBronstein, @BrettPRosenthal, @DerekGreenbaum).

Players

6 deals$12.4M volume
BUYER

Brett Rosenthal
6 deals$19.2M volume
BUYER

Details

SOLD
IMAGE: Miles Bronstein, Brett Rosenthal, & Derek Greenbaum DATE: 03/20/2021 ADDRESS: 68-72 W. 25th St. MARKET: Hudson County, NJ ASSET TYPE: Multifamily BUYER: @MilesBronstein, @BrettPRosenthal, @DerekGreenbaum SALE PRICE: $2,775,000 UNITS: 15 ~ PPU: $185,000 SF: 15,000 ~ PPSF: $185 CAP: 4.5%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$148,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,858.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,154.92
Annual Debt Service$157,858.99