Private Investor Acquires Office In Englewood For $13M

The Crowne Plaza Hotel, located at 401 South Van Brunt Street in Englewood, NJ, was sold for $13,000,000. The property encompasses 113,202 square feet and is situated in the Englewood market. This asset is prominently positioned on a 5.38-acre site close to Manhattan, providing an advantageous location with potential for value appreciation.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,000,000.00
• Address: 401 S Van Brunt St, Englewood, NJ
• Market: Englewood
• Seller's Representative: Michael DeVita-Hudson Edge Investment Partners
• Buyer: Private Investor
• Square Footage: 113,202

The transaction was facilitated by Alan Cafiero and Ben Sgambati, who secured the exclusive listing from the seller. The brokers procured the buyer, another private investor. The firm Marcus & Millichap played a significant role in the negotiation process, highlighting the operational advantages offered by the InterContinental Hotels Group, which owns the Crowne Plaza brand.