Updated Oct 14, 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.
On the Map
$1,237,500
$92/SF
MultiFamily
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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