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7001 John F Kennedy Bouleva...

BSG Management Co. Sells Retail Property In North Bergen For $2.6M With CBRE's Karly Iacono & Patti AmecAngelo
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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

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.

Players

Karly Iacono

CBRE

Broker

$74.9M

vol

10 deals

Broker

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