Tony Nabhan Sells Multifamily Property In Hackensack For $4.25M

A newly constructed multifamily property at 387 Park Street in Hackensack was recently sold for $4,250,000. The property features 11 apartments, 17 parking spaces, and full occupancy, making it an attractive investment opportunity. Situated in a robust rental market, the building is strategically located for commuters with convenient access to train stations and public transportation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Units: 11
• Price Per Unit: $386,364
• Address: 387 Park Street
• Market: Hackensack
• Broker: Tony Nabhan - Keller Williams

Tony Nabhan of Keller Williamsrepresented the parties involved in the transaction, facilitating the sale of the multifamily property. The property's appeal lies in its low maintenance requirements, ease of management, and prime location for tenants seeking accessibility to transportation options. The successful sale underscores the strong demand for well-positioned multifamily assets in Hackensack's real estate market.