Maxwell Stokes Of Keller Williams Realty Represents Buyer In Saddle River Multifamily Sale For $9.25M
23 Denison Drive East
$9,250,000
$770/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Aug 17, 2026
AI
The property asset involved in this transaction is a multifamily building located at 23 Denison Drive East in the Saddle River market. The sale price for this property was $9,250,000, with a total square footage of 12,000, resulting in a price per square foot of $770.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Address: 23 Denison Drive East
- Market: Saddle River
- Square Footage: 12,000
- Price per Square Foot: $770
- Buyer's Representative: Maxwell Stokes - Keller Williams Realty
Maxwell Stokes represented the buyer in this transaction, facilitating the deal for the multifamily asset located in Saddle River. His role was pivotal in the negotiation and closing processes of this sale.
Saddle River 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93