Updated Dec 19, 2023
Hackensack Multifamily Sells For $3.3M With Daniel Lanni - Kislak Co. Inc. As The Broker
140 Overlook Avenue, Hackensack, NJ, USA
$3,300,000
$28/SF
Building Size
116,736 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
140 Overlook Drive in Hackensack has recently been sold for $3,300,000. The property is a multifamily asset, making it an excellent investment opportunity. The transaction took place on January 28, 2021, and was facilitated by Daniel Lanni of Kislak Co. Inc. On Instagram, a photo by Daniel Lanni showcasing the property is available for viewing.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 140 Overlook Drive
- Market: Hackensack
The sale of 140 Overlook Drive was handled by Daniel Lanni of Kislak Co. Inc. Daniel played a crucial role as the broker in this transaction, representing the buyer or seller in the deal. The involvement of a skilled broker ensures a smooth and successful closing process.
Players
Hackensack MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93