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123 Anderson Street
SOLD

Hornrock Properties Acquires Mixed-Use Property In Hackensack For $10.5M

123 Anderson Street

Mixed-use
120,182 SF
clock iconSold 87 days ago
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Summary

Sale
NEW JERSEY
Mixed-use
120,182 sqft

The property at 123 Anderson Street in Hackensack has been sold for $10.5 million. This 2.8-acre mixed-use asset will be transformed into a development featuring approximately 350 residential units and retail space, spanning 120,182 square feet. The property is strategically located in downtown Hackensack with prime frontage and access to New Jersey Transit Right of Way.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $10,500,000
  • Units: 350
  • Price Per Unit: $30,000
  • Square Footage: 120,182
  • Price Per Square Foot: $87
  • Address: 123 Anderson Street
  • Market: Hackensack

Hornrock Properties has acquired the property, with Eric Anderson representing Alexander Anderson Real Estate Group in the transaction. This marks Hornrock's second development endeavor in the area, aligning with their multifamily property investments in New Jersey. The acquisition reflects the growing appeal of downtown Hackensack for young professionals and stakeholders.

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Eric Anderson's profile picture
Eric Anderson
Alexander Anderson Real Estate Group-image
Chief Executive Officer
$10.5M Sold

Details

Deal Summary
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SOLD
IMAGE: Eric Anderson DATE: 04/24/2024 ADDRESS: 123 Anderson Street MARKET: Hackensack ASSET TYPE: Mixed-use ~ ACRES: 2.8 BUYER: Hornrock Properties BROKER: Eric Anderson - Alexander Anderson Real Estate Group (@RealEstateNJNY) SALE PRICE: $10,500,000 UNITS: 350 ~ PPU: $30,000 SF: 120,182 ~ PPSF: $87 NOTE: Alexander Anderson Real Estate Group facilitated the sale of 123 Anderson St. in Hackensack to Hornrock Properties for $10.5 million, marking Hornrock's second development endeavor in the area and part of their multifamily property investments in New Jersey. The 2.759-acre property is set for transformation into a mixed-use development featuring approximately 350 residential units and retail space, strategically located in downtown Hackensack with prime frontage and access to New Jersey Transit Right of Way, reflecting the area's growing appeal for young professionals and stakeholders.

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Address123 Anderson Street

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