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
Bergenfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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