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Sebastian Roman-Samander Of Lifestyle International Realty Sells North Bergen Multifamily For $1.1M

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SOLD
$1,100,000

New Jersey

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MultiFamily
Sold 06/21/2024
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SOLD

Sebastian Roman-Samander Of Lifestyle International Realty Sells North Bergen Multifamily For $1.1M

8310 Newkirk Avenue

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MultiFamily
Sold 06/21/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The property located at 8310 Newkirk Avenue in North Bergen is a modern two-family new construction that was sold for $1.1 million. This multifamily asset offers luxurious amenities, spacious layouts, separate unit entrances, and a prime location near highways and amenities, providing an ideal blend of comfort, privacy, and accessibility in North Bergen.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 2
  • Price Per Unit: $550,000
  • Address: 8310 Newkirk Avenue
  • Market: North Bergen

Sebastian Roman-Samander of Lifestyle International Realty represented the deal as the broker. Lifestyle International Realty facilitated the sale of this property, showcasing their expertise in connecting buyers and sellers in the real estate market of North Bergen. The transaction highlights the importance of having a skilled broker to navigate the complexities of real estate deals.

Players

Sebastian Roman-Samander
1 deal$1.1M volume(551) 345-5986
BROKER

Details

SOLD
IMAGE: Sebastian Roman-Samander DATE: 06/21/2024 ADDRESS: 8310 Newkirk Avenue MARKET: North Bergen ASSET TYPE: Multifamily BROKER: Sebastian Roman-Samander (@SellwithSebas) - Lifestyle International Realty (@LifestyleInternationalRealtyNJ) SALE PRICE: $1,100,000 UNITS: 2 ~ PPU: $550,000 NOTE: Sebastian Roman-Samander of Lifestyle International Realty brokered the sale of 8310 Newkirk Avenue in North Bergen for $1.1 million. This modern two-family new construction boasts luxurious amenities including spacious layouts, separate unit entrances, and a prime location near highways and amenities, offering an ideal blend of comfort, privacy, and accessibility in North Bergen.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73