The DSF Group Acquires Multifamily Property In Parsippany, NJ From Harbor Group International
SOLD
$82,500,000
+ 2
New Jersey
See Similar DealsMultiFamily
Sold 07/26/2022
SOLD
The DSF Group Acquires Multifamily Property In Parsippany, NJ From Harbor Group International
1715 US Route 46, Parsippany, New Jersey 07054, United States
See Similar DealsMultiFamily
Sold 07/26/2022
+ 2
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
1715 U.S. Route 46 in Parsippany, NJ, has been sold in a recent transaction. The property is a multifamily asset consisting of 212 units. The deal was closed on 07/26/2022. The buyer, The DSF Group, acquired the property from the seller, Harbor Group International, LLC. The sale price for the transaction was $82,500,000, resulting in an average price per unit of $389,151.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $82,500,000
- Address: 1715 U.S. Route 46, Parsippany, NJ
- Market: Parsippany, NJ
- Buyer: The DSF Group
- Seller: Harbor Group International, LLC
The sale of 1715 U.S. Route 46 was facilitated by the brokers Jose Cruz, Steve Simonelli, Kevin O'Hearn, Michael Oliver, and Joseph Lembo from JLL.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,399,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$293,105.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$391,092.09
Annual Debt Service$4,693,105.07
Is there something missing? Send suggestions