Housing Development Of Bergen County Acquires Office Building From Walter Siegordner For $2.6M
SOLD
$2,600,000
New Jersey
See Similar DealsOffice12,589 SF
Sold 10/24/2025
SOLD
Housing Development Of Bergen County Acquires Office Building From Walter Siegordner For $2.6M
147 153 Hudson Street
See Similar DealsOffice12,589 SF
Sold 10/24/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$206
Total Square Footage:12,589 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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