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804 79th Street

Osman Celik Acquires Multifamily Property In North Bergen For $1.15M
SOLDMultiFamily

Osman Celik Acquires Multifamily Property In North Bergen For $1.15M

804 79th Street

$1,150,000

$376/SF

Building Size

3,058 SF

Asset Type

MultiFamily

Closing

Dec 16, 2022

AI

The multifamily property located at 804 79th Street in North Bergen was recently sold in a closed transaction. The property consists of 5 units with a total square footage of 3,058. The sale price for this transaction was $1,150,000, resulting in a price per unit of $230,000. The price per square foot was $376.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 804 79th Street
  • Market: North Bergen
  • Units: 5
  • Price per Unit: $230,000
  • Square Footage: 3,058
  • Price per Square Foot: $376

The buyer in this transaction was Osman Celik, while the seller was Ali Makki. Representing the buyer was Yojaira Orozco from Keller Williams Realty, and representing the seller was Pharoah Lozano, also from Keller Williams Realty.

Players

Pharoah Lozano

Keller Williams Realty

Broker

$9.5M

vol

6 deals

Broker

North Bergen 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