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
Hasbrouck Heights 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93