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33-06 Fair Lawn Avenue

NAI James E. Hanson Represents Buyer In $23.2M Multifamily Sale In Fair Lawn
SOLDMultiFamily

NAI James E. Hanson Represents Buyer In $23.2M Multifamily Sale In Fair Lawn

33-06 Fair Lawn Avenue

$23,200,000

$85/SF

Building Size

271,074 SF

Asset Type

MultiFamily

Closing

Feb 15, 2023

AI

A multifamily property located at 33-06 Fair Lawn Avenue in Fair Lawn has been sold in a recent transaction. The property consists of 136 units with an average price per unit of $170,588. The total square footage of the property is 271,074, resulting in a price per square foot of $86. The sale price for this multifamily asset was $23,200,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,200,000
  • Units: 136
  • Price Per Unit: $170,588
  • Square Footage: 271,074
  • Price Per Square Foot: $86
  • Address: 33-06 Fair Lawn Avenue
  • Market: Fair Lawn

The sale of this multifamily property was facilitated by Jonathan Kristofich, Jessica Curry, and Andrew Somple from NAI James E. Hanson. They represented the parties involved in the transaction and helped ensure a successful deal.

Players

Andrew Somple

NAI James E. Hanson

Broker

$60.3M

vol

12 deals

Broker

Market 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

0.68%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93