Magdy Daniel & Amal Yacoob Purchase Multifamily Asset In Bayonne For $650,000
SOLD
$650,000
New Jersey
See Similar DealsMultiFamily2,359 SF
Sold 03/08/2024
SOLD
Magdy Daniel & Amal Yacoob Purchase Multifamily Asset In Bayonne For $650,000
83 West 27th Street
See Similar DealsMultiFamily2,359 SF
Sold 03/08/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:2,359 SF
Transaction Type:Sale
An elegant Multifamily property located at 83 West 27th Street in Bayonne, NJ, was recently sold for $650,000. The property comprises 2 units with a total square footage of 2,359, translating to a price per unit of $325,000 and a price per square foot of $276.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $650,000
- Units: 2
- Price per Unit: $325,000
- Square Footage: 2,359
- Price per Square Foot: $276
- Market: Bayonne, NJ
The transaction involved the purchase by Magdy Daniel & Amal Yacoob from the seller, Werner Figar. Gershon Adjaye from Keller Williams represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,309.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,081.33
Annual Debt Service$36,975.98
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