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72 3rd Avenue Multifamily Sold For $6.6M With Brokers Robert Holland & Jeff Squires

Property Image
SOLD
$6,600,000

New Jersey

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MultiFamily25,000 SF
Sold
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Property Image
SOLD

72 3rd Avenue Multifamily Sold For $6.6M With Brokers Robert Holland & Jeff Squires

72 3rd Avenue

See Similar Deals
MultiFamily25,000 SF
Sold
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:25000 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 72 3rd Avenue in Garwood. The sale price for this asset was $6,600,000, which breaks down to approximately $183,333 per unit, with a total of 36 units available.

Summary of transaction details:

This transaction was facilitated by brokers Robert Holland and Jeff Squires, who represent Kislak. Their involvement was crucial in finalizing the details of this multifamily sale, ensuring all parties were aligned throughout the negotiation process.

Players

Jeff Squires
17 deals$280.4M volume
BROKER

Robert Holland
Kislak
12 deals$158.1M volume
BROKER

Details

SOLD
IMAGE: Robert Holland & Jeff Squires DATE: 09/18/2025 ADDRESS: 72 3rd Avenue MARKET: Garwood ASSET TYPE: Multifamily BROKERS: Robert Holland (@RobertHolland925) & Jeff Squires (@JeffreyCraig80) - Kislak (@KislakCompany) SALE PRICE: $6,600,000 UNITS: 36 ~ PPU: $183,333

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$352,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41