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204 Church Street

Anthony Cacciola Sells Multifamily Property At 204 Church Street In Boonton For $6.35M
SOLDMultiFamily

Anthony Cacciola Sells Multifamily Property At 204 Church Street In Boonton For $6.35M

204 Church Street

$6,350,000

$211/SF

Building Size

30,000 SF

Asset Type

MultiFamily

Closing

Dec 10, 2025

AI

A multifamily property located at 204 Church Street in Boonton has been sold for a price of $6,350,000. This asset consists of 22 units, with a price per unit of $288,636. The total square footage of the property is 30,000, translating to a price per square foot of $211.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,350,000
  • Units: 22
  • Price per Unit: $288,636
  • Total Square Footage: 30,000
  • Price per Square Foot: $211
  • Seller: Anthony Cacciola
  • Broker: Manveer Sanghera - Veerman Asset Management
  • Date of Transaction: 12/11/2025

This transaction reflects the collaboration between seller Anthony Cacciola and his broker representative Manveer Sanghera from Veerman Asset Management, facilitating the deal for the multifamily property in the Boonton market.

Players

Manveer Sanghera

Veerman Asset Management

Broker

$247.2M

vol

15 deals

Broker
Veerman Asset Management
Veerman Asset ManagementBrokerage

Boonton 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

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93