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72 3rd Avenue

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

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

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:

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

Kislak

Broker

$280.4M

vol

17 deals

Broker

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