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

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.