Jignesh Patel Purchases 20 Unit Multifamily Property From Abraham Weinberg In Bayonne
SOLD
New Jersey
See Similar DealsMultiFamily14,400 SF
Sold 08/28/2025
SOLD
Jignesh Patel Purchases 20 Unit Multifamily Property From Abraham Weinberg In Bayonne
783 John F Kennedy Boulevard
See Similar DealsMultiFamily14,400 SF
Sold 08/28/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Total Square Footage:14,400 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 783 John F Kennedy Boulevard, Bayonne. This asset consists of 20 units and encompasses a total square footage of 14,400. The transaction represents a significant addition to the multifamily market in this area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 20
- Square Footage: 14,400
- Address: 783 John F Kennedy Boulevard
- Market: Bayonne
- Buyer: Jignesh Patel
- Seller: Abraham Weinberg
- Broker: David Ferber - Matthews
This deal involved Jignesh Patel as the buyer and Abraham Weinberg as the seller. The brokerage services were provided by David Ferber from Matthews, who represented the transaction effectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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