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Jason Dion Of Century 21 The Crossing Sells North Bergen Multifamily For $1.15M

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SOLD
$1,150,000

New Jersey

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MultiFamily
Sold 07/08/2024
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Property Image
SOLD

Jason Dion Of Century 21 The Crossing Sells North Bergen Multifamily For $1.15M

7805 5th Avenue

See Similar Deals
MultiFamily
Sold 07/08/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 7805 5th Avenue in North Bergen, built in 2005, was recently sold for $1,150,000. Each unit consists of 3 bedrooms, 2 full baths, laundry facilities, ample storage, new bathrooms, LVP flooring, a finished lower level, rear paver patio, driveway, and a large 2-car garage. Additionally, the property features a solar-powered generator and is conveniently situated near the Hudson River waterfront, providing easy access to NYC transit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 7805 5th Avenue
  • Market: North Bergen

The sale was facilitated by Jason Dion from Century 21 The Crossing, representing the parties involved in the transaction. The modern property's amenities and location near the Hudson River waterfront make it an appealing choice for city commuters looking for comfort and convenience.

Players

Jason Dion
1 deal$1.2M volume(347) 856-8424
BROKER

Details

SOLD
IMAGE: Jason Dion DATE: 07/08/2024 ADDRESS: 7805 5th Avenue MARKET: North Bergen ASSET TYPE: Multifamily BROKER: Jason Dion (@JasonrDion) - Century 21 The Crossing (@C21TheCrossing) SALE PRICE: $1,150,000 NOTE: 7805 5th Avenue in North Bergen, a modern multifamily property built in 2005, sold for $1,150,000. Each of the two identical units boasts 3 bedrooms, 2 full baths, laundry facilities, ample storage, and has been recently updated with new bathrooms, LVP flooring, and features a finished lower level, rear paver patio, driveway, and a large 2-car garage. The property includes a solar-powered generator and is conveniently located near the Hudson River waterfront with easy access to NYC transit, appealing to city commuters seeking comfort and convenience.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
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