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387 Park Street
SOLD

Tony Nabhan Sells Multifamily Property In Hackensack For $4.25M

387 Park Street

MultiFamily
clock iconSold 36 days ago
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Summary

Sale
NEW JERSEY
MultiFamily

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 Williams represented 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.

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Tony Nabhan
Keller Williams -image
Real Estate Broker
$11.8M Sold

Details

Deal Summary
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SOLD
IMAGE: Tony Nabhan DATE: 05/31/2024 ADDRESS: 387 Park Street MARKET: Hackensack ASSET TYPE: Multifamily BROKER: Tony Nabhan (@Tony.Nabhan) - Keller Williams (@KellerWilliamsRealty) SALE PRICE: $4,250,000 UNITS: 11 ~ PPU: $386,364 NOTE: Tony Nabhan of Keller Williams brokered the sale of a newly constructed multifamily property at 387 Park Street in Hackensack for $4,250,000. With 11 apartments, 17 parking spaces, and full occupancy in a robust rental market, the building offers low maintenance and easy management, strategically located for commuters with convenient access to train stations and public transportation.

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Address387 Park Street

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