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
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