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160 Terrace Ave, Hasbrouck ...

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

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...

$3,600,000

Building Size

Asset Type

MultiFamily

Closing

Oct 23, 2019

AI

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

Providence Real Estate Advisors

Broker

$48.3M

vol

10 deals

Broker
UL
Unknown LLCSeller

Hasbrouck Heights 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93