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Multifamily

51 on Main

51 E Main St, Bergenfield, NJ 07621

Listing Price: $8,450,000

Cap Rate
6.15%
Number of Units
26
GRM
11.90
Price/Unit
$325,000
Price/Gross SF
$235.93
Gross SF
35,816

Investment Overview

INTEREST OFFERED
Fee simple interest in: 51 E Main Street, Bergenfield, NJ 07621
TERMS OF SALE
Request for offers. For further details, please execute the Confidentiality Agreement to review the Financial Analysis of this offering memorandum.
PROPERTY TOURS
Prospective purchasers are encouraged to schedule a guided virtual tour with the Marcus & Millichap listing agents. In-person tours will be scheduled on selected dates after prospective purchasers have submitted Proof of Funds and an initial non-binding Letter of Intent. At no time shall the tenants, management or staff be contacted without prior approval.
OFFER PROTOCOL
A non-binding Letter of Intent is required prior to scheduling in-person tours. Offers will be evaluated based on:
Price, Deposit Amount and Terms, Equity Source, Debt - if applicable, specify the terms underwritten and if offer is contingent on financing, Timing - due diligence and estimated closing date
Buyers are encouraged to visit the Due Diligence available on Marcus & Millichap website in order to reduce contingencies and time needed to close the transaction.

Investment Highlights

  • Newly constructed multifamily asset, consisting of 26 units with 37 covered and assigned parking spaces.
  • Located in highly desirable Bergenfield, Bergen County, New Jersey - walkable to schools, local shopping, dining, entertainment and transit.
  • In-unit GE washer/dryer, Samsung kitchen appliances, quartz countertops, 24hr Surveillance Security System, walk-in closets, keyless apartment entry, Moen faucets, and more!

Exclusively Listed By

Financing By

Multifamily

51 on Main

Listing Price: $8,450,000

Cap Rate
6.15%
Number of Units
26
GRM
11.90
Price/Unit
$325,000
Price/Gross SF
$235.93
Gross SF
35,816

Investment Highlights

  • Newly constructed multifamily asset, consisting of 26 units with 37 covered and assigned parking spaces.
  • Located in highly desirable Bergenfield, Bergen County, New Jersey - walkable to schools, local shopping, dining, entertainment and transit.
  • In-unit GE washer/dryer, Samsung kitchen appliances, quartz countertops, 24hr Surveillance Security System, walk-in closets, keyless apartment entry, Moen faucets, and more!

Investment Overview

INTEREST OFFERED Fee simple interest in: 51 E Main Street, Bergenfield, NJ 07621 TERMS OF SALE Request for offers. For further details, please execute the Confidentiality Agreement to review the Financial Analysis of this offering memorandum. PROPERTY TOURS Prospective purchasers are encouraged to schedule a guided virtual tour with the Marcus & Millichap listing agents. In-person tours will be scheduled on selected dates after prospective purchasers have submitted Proof of Funds and an initial non-binding Letter of Intent. At no time shall the tenants, management or staff be contacted without prior approval. OFFER PROTOCOL A non-binding Letter of Intent is required prior to scheduling in-person tours. Offers will be evaluated based on: Price, Deposit Amount and Terms, Equity Source, Debt - if applicable, specify the terms underwritten and if offer is contingent on financing, Timing - due diligence and estimated closing date Buyers are encouraged to visit the Due Diligence available on Marcus & Millichap website in order to reduce contingencies and time needed to close the transaction.

Exclusively Listed By

Financing By

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