TJM 7100 Cottage LLC Acquires Package Deal In North Bergen, NJ For $2.2M
7100 Cottage Avenue, North Bergen, NJ, USA
$2,200,000
$338/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
AI
The largest residential sale in North Bergen, NJ for 2021 has taken place. TJM 7100 Cottage LLC has purchased the properties located at 7100, 7022, and 7024 Cottage Ave as part of a package deal. The seller of these properties is 7022 Cottage Avenue LLC. The transaction was facilitated by brokers Maikol Puebla and Hadin Abreu from Christie's International Real Estate.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,200,000
- Address: 7100, 7022 & 7024 Cottage Ave, North Bergen, NJ
- Market: North Bergen, NJ
- Buyer: TJM 7100 Cottage LLC
- Seller: 7022 Cottage Avenue LLC
- Brokers: Maikol Puebla & Hadin Abreu - Christie's International Real Estate
The package deal includes properties with a total square footage of 6,500. The sale price per square foot is $338.
Note: This transaction represents the largest residential sale in North Bergen, NJ for 2021.
Players
North Bergen 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93