Updated Dec 4, 2024
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
About this deal
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