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783 John F Kennedy Boulevard

Jignesh Patel Purchases 20 Unit Multifamily Property From Abraham Weinberg In Bayonne
SOLDMultiFamily

Jignesh Patel Purchases 20 Unit Multifamily Property From Abraham Weinberg In Bayonne

783 John F Kennedy Boulevard

Building Size

14,400 SF

Asset Type

MultiFamily

Closing

Aug 28, 2025

AI

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.

Players

David Ferber

Matthews

Broker

$149M

vol

28 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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93