208 Boulevard LLC Acquires Mixed-Use Property In Hasbrouck Heights For $1.8M

206-208 Boulevard, located in Hasbrouck Heights, has been sold in a recent mixed-use property transaction. The property, spanning across 10,482 square feet, consists of 12 units. The sale took place on February 25, 2021, and the asset was purchased by 208 Boulevard LLC for a price of $1,800,000 with a listed asking price of $1,850,000. This translates to a price per square foot of $172 and a per unit price of $150,000. The property boasts a cap rate of 8%, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,800,000
• Date: February 25, 2021
• Address: 206-208 Boulevard, Hasbrouck Heights
• Market: Hasbrouck Heights
• Asking Price: $1,850,000
• Square Footage: 10,482
• Units: 12
• Price per Square Foot: $172
• Price per Unit: $150,000
• Cap Rate: 8%

Bobby Antonicello Jr. from HHH Properties LLC represented the seller in this transaction. The buyer, 208 Boulevard LLC, secured the property through the expertise of their broker representative, Bobby Antonicello Jr. This successful deal highlights the value and potential of the mixed-use property on 206-208 Boulevard in Hasbrouck Heights.