Updated Oct 24, 2025
72 3rd Avenue Multifamily Sold For $6.6M With Brokers Robert Holland & Jeff Squires
72 3rd Avenue
$6,600,000
$264/SF
Building Size
25,000 SF
Asset Type
MultiFamily
Closing
Sep 17, 2025
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Units: 36
- Price Per Unit: $183,333
- Address: 72 3rd Avenue
- Market: Garwood
- Brokers: Robert Holland & Jeff Squires - Kislak
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
Garwood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93