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970 Broadway

Yis Ko Acquires Multifamily Property From Sean Garb In Bayonne For $1,999,980
SOLDMultiFamily

Yis Ko Acquires Multifamily Property From Sean Garb In Bayonne For $1,999,980

970 Broadway

$1,999,980

$129/SF

Building Size

15,450 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

The property asset involved in this transaction is a multifamily building located at 970 Broadway in Bayonne. The sale was finalized for $1,999,980, consisting of 12 units, with a price per unit of $166,665. The total square footage of the building is 15,450, resulting in a price per square foot of $129.

Summary of transaction details:

This transaction involved Yis Ko as the buyer purchasing the property from seller Sean Garb, with the representation of brokers Steven Matovski and Liam Holman from Redwood Realty Advisors, facilitating the deal.

Players

Steven Matovski

Redwood Realty Advisors

Broker

$70.6M

vol

12 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93