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7914 JFK LLC Acquires Multifamily Property In North Bergen, NJ For $1.08M

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SOLD
$1,080,000

New Jersey

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MultiFamily3,000 SF
Sold 11/22/2022
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SOLD

7914 JFK LLC Acquires Multifamily Property In North Bergen, NJ For $1.08M

7914 John F Kennedy Boulevard

See Similar Deals
MultiFamily3,000 SF
Sold 11/22/2022
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$360
Total Square Footage:3,000 SF
Transaction Type:Sale

Located at 7914 John F. Kennedy Blvd in North Bergen, NJ, this recently closed multifamily property transaction is sure to attract attention. The property consists of 2 units, with a sale price of $1,080,000. This translates to a per unit price of $540,000, based on the total of 3,000 square feet available. The price per square foot comes out to $360, making this a valuable investment opportunity in the North Bergen market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,080,000
  • Units: 2
  • Square Feet: 3,000

7914 JFK LLC emerged as the buyer in this transaction, while Eli Colon acted as the seller. The deal was facilitated by two prominent brokers: Maikol Puebla of Christie's International Real Estate and Anthony Zito of Lifestyle International Realty. It is worth noting that Maikol Puebla's involvement in this sale adds to his impressive track record, as it marks his fifth residential sale closed for over $1 million in the North Bergen, NJ market within a span of just a year and three months, setting a new record for the region.

Players

Maikol Puebla
8 deals$12.1M volume
BROKER

Anthony Zito
2 deals$5.4M volume
BROKER

Details

SOLD
IMAGE: Maikol Puebla & Anthony Zito DATE: 11/22/2022 ADDRESS: 7914 John F. Kennedy Blvd MARKET: North Bergen, NJ ASSET TYPE: Multifamily BUYER: 7914 JFK LLC SELLER: Eli Colon BROKERS: Maikol Puebla (@Mike_Sells_Hudson) - Christie's International Real Estate & Anthony Zito (@Zito_Sells_RealEstate) - Lifestyle International Realty SALE PRICE: $1,080,000 UNITS: 2 ~ PPU: $540,000 SF: 3,000 ~ PPSF: $360 NOTE FROM @Mike_Sells_Hudson: This marks the 5th residential sale closed for over $1 Million in the North Bergen, NJ market for agent Maikol Puebla of Christie's International Real Estate within a year and 3 months period, a record for the region.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$57,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,837.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,119.75
Annual Debt Service$61,437.01