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Private Investor Acquires Property In Hasbrouck Heights For $3.6M With Buyer’s Reps Casey Egan Daniel Aviles And Seller’s Rep Kevin Taub

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SOLD
$3,600,000

New Jersey

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MultiFamily
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SOLD

Private Investor Acquires Property In Hasbrouck Heights For $3.6M With Buyer’s Reps Casey Egan Daniel Aviles And Seller’s Rep Kevin Taub

160 Terrace Ave, Hasbrouck Heights...

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MultiFamily
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the sale of Grandview Gardens Apartments, a multifamily property located at 160 Terrace Ave, Hasbrouck Heights, featuring 20 units. The property is situated in the Hasbrouck Heights market and was sold for $3,600,000. The property includes a mix of one-, two-, and three-bedroom floor plans, with rental rates ranging from $1,475 to $1,930.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000.00
  • Address: 160 Terrace Ave, Hasbrouck Heights
  • Market: Hasbrouck Heights
  • Buyer: Private Investor
  • Seller: Unknown LLC
  • Buyer’s Representatives: Casey Egan, Daniel Aviles
  • Seller’s Representative: Kevin Taub - Marcus & Millichap

This transaction was facilitated by Marcus & Millichap, indicating the involvement of experienced brokers in bringing together the buyer and seller. The seller was represented by Kevin Taub along with Daniel Aviles and Casey Egan. The team was responsible for securing the buyer, a private investor.

Players

Daniel Aviles
10 deals$48.3M volume
BROKER

Casey Egan
Ripco
10 deals$37.1M volume
BROKER

Kevin Taub
Marcus & Millichap
3 deals$6.4M volume(201) 742-6132
BROKER

SELLER

Details

SOLD
IMAGE: 160 Terrace Ave, Hasbrouck Heights... MARKET: Hasbrouck Heights BUYER'S REP: Casey Egan , Daniel Aviles SELLER'S REP: Kevin Taub -Marcus & Millichap BUYER: Private Investor SELLER: Unknown LLC PRICE: $3,600,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04