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83 West 27th Street

Magdy Daniel & Amal Yacoob Purchase Multifamily Asset In Bayonne For $650,000
SOLDMultiFamily

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.

Players

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker

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