Updated Sep 9, 2024
Marcus & Millichap Sells Bayonne Multifamily Property For $1.53M With Fahri Ozturk, Richard Gatto & David Ferber As Brokers
77 West 47th Street, Bayonne, NJ 07002, USA
$1,530,000
$211/SF
Building Size
7,250 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
About this deal
AI
A multifamily property located at 77-79 W 47th Street in Bayonne, NJ, was recently sold. The property spans 7,250 square feet and was sold for a price of $1,530,000, resulting in a price per square foot of $211.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,530,000
- Address: 77-79 W 47th Street, Bayonne, NJ
- Market: Bayonne, NJ
The sale was facilitated by Fahri Ozturk, Richard Gatto, and David Ferber, representing Marcus & Millichap.
The multifamily sale at 77 West 47th Street, Bayonne, NJ 07002, USA in Bayonne, New Jersey sold for $1.5M in 2021. The building is 7,250 square feet, implying about 211 per square foot on the published price. David Ferber, Richard Gatto, Fahri Ozturk, Matthews appear on the sale alongside Matthews, CBRE, Marcus & Millichap. This page is the Bayonne, New Jersey file for the 77 West 47th Street, Bayonne, NJ 07002, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Bayonne sit in the Market section below. Filter that Bayonne multifamily set by closing date to see what else sold near 77 West 47th Street, Bayonne, NJ 07002, USA around 2021. Published consideration for 77 West 47th Street, Bayonne, NJ 07002, USA is $1.5M, dated 2021. Cite this Marcus & Millichap Sells Bayonne Multifamily Property For $1.53M With Fahri Ozturk, Richard Gatto & David Ferber As Brokers sale when underwriting similar multifamily product around Bayonne, New Jersey.
Players
Bayonne MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit David Ferber to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.37%
Cash-on-Cash
-2.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93