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7601 River Rd, North Bergen...

Post Brothers Acquires Property At 7601 River Rd North Bergen For $166 Million With Gebroe-Hammer Associates
SOLDMultiFamily

Post Brothers Acquires Property At 7601 River Rd North Bergen For $166 Million With Gebroe-Hammer Associates

7601 River Rd, North Bergen, NJ, 07047

$166,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 7601 River Rd, North Bergen, NJ, 07047. The transaction was completed for a total amount of $166,000,000.00, with a square footage measure of 0 in the North Bergen market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $166,000,000.00
  • Address: 7601 River Rd, North Bergen, NJ, 07047
  • Market: North Bergen
  • Buyer: Post Brothers
  • Seller: LWH Urban Renewal LLC
  • Buyer's Rep: Eli Rosen - Gebroe-Hammer Associates
  • Seller's Rep: David Oropeza - Gebroe-Hammer Associates
  • Broker: Joseph Brecher - Gebroe-Hammer Associates

This transaction highlights the involvement of key representatives from Gebroe-Hammer Associates, as Eli Rosen represented the buyer while David Oropeza represented the seller. Additionally, Joseph Brecher served as the broker in this deal, facilitating the transaction between Post Brothers and LWH Urban Renewal LLC.

Players

David Oropeza

ICON Real Estate Advisors

Broker

$447.3M

vol

13 deals

Broker
Post Brothers
Post BrothersBuyer

North Bergen 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

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93