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

Property Image
SOLD
$23,200,000

New Jersey

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MultiFamily271,074 SF
Sold 02/15/2023
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Property Image
SOLD

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

33-06 Fair Lawn Avenue

See Similar Deals
MultiFamily271,074 SF
Sold 02/15/2023
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$85
Total Square Footage:271,074 SF
Transaction Type:Sale

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
12 deals$60.3M volume
BROKER

Jonathan Kristofich
NAI James E. Hanson
11 deals$47.8M volume
BROKER

Jessica Curry
NAI James E. Hanson
6 deals$27.4M volume
BROKER

Details

SOLD
IMAGE: Jonathan Kristofich, Andrew Somple & Jessica Curry DATE: 02/15/2023 ADDRESS: 33-06 Fair Lawn Avenue MARKET: Fair Lawn ASSET TYPE: Multifamily BROKERS: Jonathan Kristofich, Jessica Curry & Andrew Somple- NAI James E. Hanson (@NAI_Hanson) SALE PRICE: $23,200,000 UNITS: 136 ~ PPU: $170,588 SF: 271,074 ~ PPSF: $86

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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