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323 Oakridge Avenue

Eli Atkin Sells Development Site At 323 Oakridge Avenue For $825,000 With Representatives Keith Estrada & Linda Levin
SOLDDevelopment Site

Eli Atkin Sells Development Site At 323 Oakridge Avenue For $825,000 With Representatives Keith Estrada & Linda Levin

323 Oakridge Avenue

$825,000

$13/SF

Building Size

60,984 SF

Asset Type

Development Site

Closing

Aug 19, 2025

AI

This development site, located at 323 Oakridge Avenue in Hillside, was sold for $825,000. The asset encompasses approximately 60,984 square feet, resulting in a price per square foot of $13.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $825,000
  • Address: 323 Oakridge Avenue
  • Market: Hillside
  • Square Footage: 60,984
  • Price per Square Foot: $13
  • Seller: Eli Atkin
  • Buyer's Representative: Matt Scales Properties
  • Seller's Representatives: Keith Estrada & Linda Levin - Sotheby's International Realty

This transaction involved Eli Atkin as the seller, while Matt Scales Properties represented the buyer. Keith Estrada and Linda Levin from Sotheby's International Realty acted as the seller's representatives in this transaction.

Players

Keith Estrada

Sotheby's International Realty

Broker

$4.7M

vol

3 deals

Broker
Sotheby's International Realty
Sotheby's International RealtyBrokerage

Hillside Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.23%

Cash-on-Cash

-5.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93