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
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