Grand Forks TW LLC Purchases 25-Unit Multifamily Property For $5.05M In Bogota, NJ
270 Orchard Terrace
$5,050,000
Units
25
Asset Type
MultiFamily
Closing
Aug 18, 2026
AI
A 25-unit multifamily property located at 270 Orchard Terrace in Bogota, NJ was sold for $5,050,000. The asset occupies an area of 0.2 acres and is fully occupied, offering potential for substantial rental increases with over 40% rent upside and no municipal rent control.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,050,000
- Address: 270 Orchard Terrace
- Market: Bogota, NJ
- Units: 25
- Price Per Unit: $202,000
- Seller: 270 Orchard Associates LLC
- Buyer: Grand Forks TW LLC
- Broker Representatives: David Jarvis & David Betesh - ICON Real Estate Advisors
ICON Real Estate Advisors facilitated the off-market sale, representing both the seller and the buyer in the transaction, highlighting their expertise in handling multifamily properties in the region.
Players
Clairton 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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93