Enn Kunnapas - Commercial Real Estate Showcase

Enn Kunnapas Property Listings
Director Multi-Family Group
NAI James E. Hanson, Inc.
235 Moore St
3rd Floor
Hackensack, NJ 07601-7425
(201) 488-5800 x140
(201) 488-0246


Education

Syracuse University, Graduate School of Management - Masters of Business Administration. Major: Finance Cornell University - Bachelor of Science... More
Education

Syracuse University, Graduate School of Management - Masters of Business Administration. Major: Finance Cornell University - Bachelor of Science. Major: Business Management.

Background & Experience

Enn began his career in the commercial real estate business in 1988 at Gerber/Somma Associates, a small investment real estate brokerage company. During his 12 year tenure, he learned the business from the ground floor up; he solicited exclusive listings from prospective apartment building sellers and qualified buyers with whom he could structure creative and sensible transactions. In addition, he assisted clients in obtaining financing from various financial institutions. In March 2001, Enn was recruited and joined Marcus and Millichap. As a Senior Investment Associate and a Director of the National Multi-Housing Group, he facilitated the development and expansion of multi-family building sales throughout the state of New Jersey. In 2007, Enn formed his own company. During this period, he developed an extensive multi-family database thereby enhancing his relationship with area ownership while continuing to broker investment transactions. In March 2009, bringing his combined knowledge and experience, Enn joined NAI James E. Hanson to launch their Multi-Family Group.

Significant Transactions

Sold note and mortgage for Marine Midland Bank collateralized by 110 units in North Bergen, NJ

Sold 169 units of Section 8 Housing called Audubon Park in Jersey City, NJ for AIMCO

Sold 43 unsold condominium units called Galworthy Arms in Long Branch, NJ for Wilshire Oil

Sold 76 townhouse units under HAP contract called Chestnut Homes in Passaic, NJ to local investor

Sold 9 building package consisting of 145 units in Hudson County to REIT Urban American Housing

Sold 63 apartments, 21 retail stores and 9 offices in Hasbrouck Heights, NJ to a local investor group Less 
DetailMap
297 - 301 Lafayette Avenue

Hawthorne, NJ 07506-1919 - Route 208 Corridor Submarket


Property Type:Retail Sub Type:Storefront Status:Existing Year Built:1930
Building Size:10,761 SF Land Area:-
% Leased:
For Sale Price:$1,550,000 Price/SF:$144.04
Cap Rate:7.62 %
Smallest Space:7,381 SF Largest Space:7,381 SF Total Space Avail:10,761 SF Rent/SF/Yr:
Negotiable
Parking:10 Surface spaces are available; Ratio of 2.01/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
7,381 SF
Negotiable
Vacant
Negotiable
Office/Medical
 
11655399
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
7,381 SF
Negotiable
Vacant
Negotiable
Office/Medical

Sale Notes:
The subject property is a two (2) story stucco and masonry mixed-use building containing a commercial unit plus two apartments totaling 10,761 square feet. The commercial unit consists of the former Heart and Lung Center, a medical office unit containing 7,381 square feet. There are two apartments on the second floor consisting of a 3 bedroom unit with 1,780 square feet and a 2 bedroom unit with 1,600 square feet. Both the commercial and residential units pay their own utilities. Currently, the medical office space is vacant and the two apartments are occupied on a year to year lease.


NAI James E. Hanson, Inc.
Enn Kunnapas
(201) 488-5800 x140

  
NAI James E. Hanson, Inc.
Barry J Cohorsky
(973) 240-2110


NAI James E. Hanson, Inc.
  
NAI James E. Hanson, Inc.


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