Housing Development Of Bergen County Acquires Office Building From Walter Siegordner For $2.6M
147 153 Hudson Street
$2,600,000
$206/SF
Building Size
12,589 SF
Asset Type
Office
Closing
Oct 23, 2025
AI
The property asset involved in the transaction is an office building located at 147-153 Hudson Street in Hackensack. The sale price for this asset was $2,600,000. It has a total area of 12,589 square feet, resulting in a price per square foot of $206.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Buyer: Housing Development of Bergen County
- Seller: Walter Siegordner
- Broker: Anthony Cassano - NAI James E. Hanson
The key individuals involved in this transaction include the buyer, Housing Development of Bergen County, and the seller, Walter Siegordner. The representation in this deal was provided by Anthony Cassano, affiliated with NAI James E. Hanson, who acted as the broker in the sale.
Hackensack Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93