Updated Dec 20, 2024
Bishoy Megalla Of Keller Williams Realty Represents Sale Of Bayonne Multifamily For $1.1875M
1048 Broadway
$1,187,500
$395/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1048 Broadway in the market of Bayonne. The sale price for this asset was $1,187,500, comprising a total of 6 units. The building offers a total square footage of 3,000, resulting in a price per unit of $197,916 and a price per square foot of $395.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,187,500
- Address: 1048 Broadway
- Market: Bayonne
- Units: 6
- Square Footage: 3,000
- Price Per Unit: $197,916
- Price Per Square Foot: $395
The deal was brokered by Bishoy Megalla of Keller Williams Realty, who represented the transaction and facilitated the agreement between the involved parties.
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
13.36%
Cash-on-Cash
-3.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93