SOLD
Khosla Capital LLC And DKJ Equity LLC Acquire Multifamily Property In Hackensack, NJ For $114.5M
300 Prospect Avenue
MultiFamily
428,040 SF
428,040 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
428,040 sqft
The multifamily property located at 300 Prospect Ave in Hackensack, NJ was recently sold in a transaction. The property spans approximately 428,040 square feet and is categorized as a multifamily asset. The sale took place on 04/28/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $114,450,000
- Address: 300 Prospect Ave, Hackensack, NJ
- Market: Hackensack, NJ
The buyer, Khosla Capital LLC represented by Raman Khosla & DKJ Equity LLC, acquired this property from the seller, Kushner Companies represented by Laurent Morali. The sale was facilitated by the brokerage firm JLL Capital Markets, with Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, J.B. Bruno, and Michael Kavanagh acting as the brokers in the deal.
The property consists of 360 units, and the sale price translates to an average price per unit of approximately $317,917. The price per square foot is calculated to be $267.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Kevin O’Hearn, Steve Simonelli, J.B. Bruno, Laurent Morali, Michael Oliver, Michael Kavanagh & Jose Cruz
DATE: 04/28/2021
ADDRESS: 300 Prospect Ave
MARKET: Hackensack, NJ
ASSET TYPE: Multifamily
BUYER: Khosla Capital LLC - Raman Khosla & DKJ Equity LLC
SELLER: Kushner Companies - Laurent Morali
BROKERS: Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver, J.B. Bruno & Michael Kavanagh - JLL Capital Markets
PRICE: $114,450,000
SF: 428,040 ~ PPSF: $267
UNITS: 360 ~ PPU: $317,917View on map
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Address300 Prospect Avenue
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