Updated Sep 5, 2024
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
About this deal
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.
On the Map
$23,200,000
$85/SF
MultiFamily
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Players
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