Updated Aug 21, 2026
SOLDMultiFamily
Steven Gelb Purchases MultiFamily Asset At 7516 Kiesel Terrace From Silvio Censale For $1,237,500
7516 Kiesel Terrace
$1,237,500
$92/SF
Building Size
13,455 SF
Asset Type
MultiFamily
Closing
Feb 15, 2018
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 7516 Kiesel Terrace in the North Bergen market. The transaction was completed for a price of $1,237,500.00, encompassing a total square footage of 13,455.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,237,500.00
- Address: 7516 Kiesel Terrace
- Market: North Bergen
- Square Footage: 13,455.0
- Buyer: Steven Gelb
- Seller: Silvio Censale
- Broker: Steven Matovski - Redwood Realty Advisors
Key individuals involved in the deal include the buyer Steven Gelb and the seller Silvio Censale, each playing a crucial role in the transaction. The brokerage representation was provided by Steven Matovski, acting on behalf of Redwood Realty Advisors in this sale.
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
12.82%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93