Updated Oct 28, 2024
BSG Management Co. Sells Retail Property In North Bergen For $2.6M With CBRE's Karly Iacono & Patti AmecAngelo
7001 John F Kennedy Boulevard, North Bergen, New Jersey 07047, United States
$2,600,000
$1,020/SF
Building Size
2,549 SF
Asset Type
Retail
Closing
Oct 17, 2022
About this deal
AI
The retail property located at 7001 John F. Kennedy Blvd in North Bergen has been sold for $2,600,000. The property spans a total area of 0.25 acres and has a square footage of 2,549. The sale price per square foot was $1,020. The transaction took place on 10/18/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 7001 John F. Kennedy Blvd
- Market: North Bergen
- Acres: 0.25
- Square Footage: 2,549
- Price per Square Foot: $1,020
BSG Management Co. served as the seller of the property. The transaction was facilitated by brokers Karly Iacono and Patti AmecAngelo from CBRE.
North Bergen 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