Sanjay Gupta Acquires Multifamily Property In Bayonne, NJ For $6.125M
SOLD
$6,125,000
New Jersey
See Similar DealsMultiFamily95,332 SF
Sold 12/13/2023
SOLD
Sanjay Gupta Acquires Multifamily Property In Bayonne, NJ For $6.125M
90 Avenue East
See Similar DealsMultiFamily95,332 SF
Sold 12/13/2023
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:95,332 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$326,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,760.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,035.62
Annual Debt Service$348,427.50
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