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Casey Egan Of Ripco Represents Sale Of Multifamily Asset At 623 Stuyvesant Avenue For $2M

Property Image
SOLD
$2,000,000

New Jersey

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MultiFamily8,457 SF
Sold
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Property Image
SOLD

Casey Egan Of Ripco Represents Sale Of Multifamily Asset At 623 Stuyvesant Avenue For $2M

623 Stuyvesant Avenue

See Similar Deals
MultiFamily8,457 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$236
Total Square Footage:8457 SF
Transaction Type:Sale

The multifamily property located at 623 Stuyvesant Avenue in Lyndhurst has been sold for $2,000,000. The asset comprises 10 units, offering a price per unit of $200,000. It encompasses a total square footage of 8,457, translating to a price per square foot of $236.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Units: 10
  • Price Per Unit: $200,000
  • Square Footage: 8,457
  • Price Per Square Foot: $236
  • Broker: Casey Egan - Ripco

Casey Egan represented the transaction, highlighting that the property presented value-add potential as a suburban walkup with below market rents. The deal was facilitated with 5-year seller financing and generated a total of 15 offers.

Players

Casey Egan
Ripco
Casey Egan
10 deals$37.1M volume
BROKER

Details

SOLD
IMAGE: Casey Egan DATE: 10/01/2024 ADDRESS: 623 Stuyvesant Avenue MARKET: Lyndhurst ASSET TYPE: Multifamily BROKER: Casey Egan (@CaseyEgan11) - Ripco (@RipcoRealEstate) SALE PRICE: $2,000,000 UNITS: 10 ~ PPU: $200,000 SF: 8,457 ~ PPSF: $236 NOTE FROM BROKER: CLOSING HIGHLIGHTS -Value-add suburban walkup -Below market rents -5-year seller financing -15 offers generated

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