Updated Dec 4, 2024
Tiffany Leape Of Blueline Realty Represents Seller In Hackensack Multifamily Sale For $1.3M
308 Anderson Street
$1,300,000
$448/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Oct 21, 2024
About this deal
AI
The multi-family property located at 308 Anderson Street in Hackensack comprises two units and has a total square footage of 2,900. It was sold for $1.3 million, marking a record sale for the city. The property is noted for its modern finishes and proximity to the Anderson Street train station.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Price Per Unit: $650,000
- Square Footage: 2,900
- Price Per Square Foot: $448
- Broker: Tiffany Leape - Blueline Realty
Tiffany Leape of Blueline Realty represented the seller in this transaction, facilitating the sale in the Fairmount District of Hackensack. The successful transaction signifies a notable achievement in the local real estate market.
Players
Hackensack 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93