Maria Alba Of Costanza & Providence Real Estate Represents Buyer In Bayonne Office Sale For $2.65M
688 692 Broadway
$2,650,000
$120/SF
Building Size
22,000 SF
Asset Type
Office
Closing
Feb 4, 2025
AI
The property involved in this transaction is an office asset located at 688-692 Broadway in Bayonne. The sale price for the transaction was $2,650,000, and the total square footage of the asset is 22,000 square feet, resulting in a price per square foot of $120.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,650,000
- Square Footage: 22,000
- Price per Square Foot: $120
- Address: 688-692 Broadway
- Market: Bayonne
- Buyer's Representative: Maria Alba - Costanza & Providence Real Estate
- Seller's Representative: Solomon Halberstam - Fernwood Realty Group
The transaction features Maria Alba representing the buyer from Costanza & Providence Real Estate, while the seller is represented by Solomon Halberstam from Fernwood Realty Group. This exchange marks a notable interaction between these real estate professionals.
Players
Bayonne Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93