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15 West Johnson Avenue, Ber...

Kislak Acquires Multifamily Property In Bergenfield For $22.5M
SOLDMultiFamily

Kislak Acquires Multifamily Property In Bergenfield For $22.5M

15 West Johnson Avenue, Bergenfield, New Jersey 07621, United States

$22,500,000

Building Size

Asset Type

MultiFamily

Closing

Apr 19, 2022

AI

Located at 15 W Johnson Ave in Bergenfield, this multifamily property was recently sold in a closed transaction. The sale was facilitated by brokers Andrew Scheinerman and Robert Squires of Kislak. The property consists of 62 units, with each unit priced at approximately $362,903, resulting in a total sale price of $22,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,500,000
  • Units: 62
  • Price Per Unit (PPU): $362,903

This successful transaction highlights the expertise of Andrew Scheinerman and Robert Squires as brokers from Kislak. Their representation played a pivotal role in finalizing the sale of this multifamily property in Bergenfield.

Players

Andrew Scheinerman

Kislak

Broker

$142.1M

vol

7 deals

Broker

Bergenfield 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93