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Christopher Arp Acquires 12-Unit Multifamily Property In Bergenfield For $2.125M With Casey Egan's Representation

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SOLD
$2,125,000

New Jersey

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Christopher Arp Acquires 12-Unit Multifamily Property In Bergenfield For $2.125M With Casey Egan's Representation

19 21 Home Place

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MultiFamily9,000 SF
Sold
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$236
Total Square Footage:9000 SF
Transaction Type:Sale

The multifamily property located at 19-21 Home Place in Bergenfield, New Jersey, consists of 12 units and has a total square footage of 9,000. The property was sold for $2,125,000, resulting in a price per unit of $177,083 and a price per square foot of $236. The deal reflects a cap rate of 3.99%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,125,000
  • Units: 12
  • Square Footage: 9,000
  • Price Per Unit: $177,083
  • Price Per Square Foot: $236
  • Buyer: Christopher Arp
  • Broker: Casey Egan - Ripco

Casey Egan and RIPCO Real Estate executed an exclusive marketing process for the seller, attracting multiple offers. The buyer was drawn to this transaction due to the suburban location and potential for increased rental income.

Players

Casey Egan
Ripco
Casey Egan
10 deals$37.1M volume
BROKER
Ripco
Ripco
BROKERAGE

Details

SOLD
IMAGE: Casey Egan DATE: 9/24/2025 ADDRESS: 19-21 Home Place MARKET: Bergenfield ASSET TYPE: Multifamily BUYER: Christopher Arp BROKER: Casey Egan (@CaseyEgan11) - Ripco (@RipcoRealEstate) SALE PRICE: $2,125,000 UNITS: 12 ~ PPU: $177,083 SF: 9,000 ~ PPSF: $236 NOTE FROM BROKER: Casey Egan & RIPCO Real Estate are pleased to announce the closing of a 12-unit multifamily property in Bergenfield, New Jersey. The property, in Bergen County, is located just off a main road in town. RIPCO represented the seller and procured multiple offers through an exclusive marketing process. The deal sold for a 3.99% cap rate & the buyers were attracted to the deal due to its suburban location and substantial upside in rental income.

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

$113,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,549.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,073.58
Annual Debt Service$120,883.01