Updated Oct 28, 2024
Hudson Pro Ortho Acquires Retail Property In Bayonne For $2.6M
493 Broadway, Bayonne, New Jersey 07002, United States
$2,600,000
$260/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jun 12, 2022
About this deal
AI
Hudson Pro Ortho has acquired a retail property located at 493 Broadway in Bayonne. The property spans 10,000 square feet and was sold for a total of $2,600,000, resulting in a price per square foot of $260. The transaction took place on June 13, 2022, with the buyer represented by Fasil Khan from The King Khan Group - Keller Williams Village Square Realty and the seller represented by Mark Orlowski from Costanza & Providence Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 493 Broadway, Bayonne
- Market: Bayonne
- Buyer: Hudson Pro Ortho
- Seller: WPIG of Bayonne, LLC
- Buyer's Rep: Fasil Khan - The King Khan Group - Keller Williams Village Square Realty
- Seller's Rep: Mark Orlowski - Costanza & Providence Real Estate
Mark Orlowski from Costanza & Providence Real Estate and Fasil Khan from The King Khan Group - Keller Williams Village Square Realty played key roles in facilitating the sale of the retail property. Hudson Pro Ortho, the buyer, successfully acquired the property for $2,600,000, which calculates to $260 per square foot. The deal was finalized on June 13, 2022, in Bayonne's real estate market.
Players
Bayonne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93