Updated Dec 4, 2024
Geza Gulas Facilitates $1,150,000 Sale Of Bayonne Multifamily Property
787-791 Avenue C
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 28, 2024
About this deal
AI
The multifamily property located at 787-791 Avenue C in Bayonne was sold for $1.15 million. The sale was facilitated by Geza Gulas from Prominent Properties Sotheby's International Realty.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 787-791 Avenue C
- Market: Bayonne
- Broker: Geza Gulas - Prominent Properties Sotheby's International Realty
Geza Gulas, a real estate broker representing Prominent Properties Sotheby's International Realty, played a key role in the transaction involving the multifamily property in Bayonne. The successful deal further solidifies the brokerage's presence in the local real estate market.
Bayonne 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93