Magdy Daniel & Amal Yacoob Purchase Multifamily Asset In Bayonne For $650,000
83 West 27th Street
$650,000
$275/SF
Building Size
2,359 SF
Asset Type
MultiFamily
Closing
Mar 8, 2024
AI
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.
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
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93