Sanjay Gupta Acquires Multifamily Property In Bayonne, NJ For $6.125M
90 Avenue East
$6,125,000
$64/SF
Building Size
95,332 SF
Asset Type
MultiFamily
Closing
Dec 13, 2023
AI
On 12/13/2023, a multifamily property located at 90 Avenue East in Bayonne, NJ, was sold. The property consists of 70 units, with a price per unit of $87,500. The total square footage is 95,332, and the price per square foot is $64. The sale was facilitated by Hudson Atlantic Realty brokers, Adam Zweibel and Nicholas Favorito.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,125,000
- Units: 70
- Price per Unit: $87,500
- Square Footage: 95,332
- Price per Square Foot: $64
- Buyer: Sanjay Gupta
- Seller: Noah Friedman
- Brokers: Adam Zweibel & Nicholas Favorito - Hudson Atlantic Realty
The buyer of the property is Sanjay Gupta, while the seller is Noah Friedman. The deal was represented by Hudson Atlantic Realty brokers, Adam Zweibel and Nicholas Favorito. This transaction marks a significant milestone in the Bayonne, NJ real estate market.
Players
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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93