Updated Oct 2, 2026
David Ferber Of Matthews Represents Sale Of Bayonne Multifamily For $2.55M
514 John F Kennedy Boulevard
$2,550,000
$269/SF
Building Size
9,450 SF
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 514 John F Kennedy Boulevard, Bayonne. The sale price for the property was $2,550,000. It has a total square footage of 9,450 and comprises 12 units, resulting in a price per unit of $212,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Square Footage: 9,450
- Units: 12
- Price Per Unit: $212,500
- Date of Transaction: 09/10/2026
- Broker: David Ferber - Matthews
David Ferber represented the broker agency Matthews in this transaction, facilitating the deal for the multifamily property in Bayonne.
On the Map
$2,550,000
$269/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93