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147 153 Hudson Street

Housing Development Of Bergen County Acquires Office Building From Walter Siegordner For $2.6M
SOLDOffice

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.

Players

Anthony Cassano

NAI James E. Hanson

Broker

$5.6M

vol

4 deals

Broker

Hackensack Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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