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7914 John F Kennedy Boulevard

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

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

7914 John F Kennedy Boulevard

$1,080,000

$360/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Nov 22, 2022

AI

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

Christie's International Real Estate

Broker

$12.1M

vol

8 deals

Broker

North Bergen MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.69%

Cash-on-Cash

-4.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93