Updated Oct 28, 2024
Nikvin INC Leases Special Purpose Property At 149 Washington Ave, Little Ferry
149 Washington Avenue, Little Ferry, New Jersey 07643, United States
Building Size
1,100 SF
Asset Type
—
Closing
Jun 23, 2022
About this deal
AI
An industrial property located at 149 Washington Ave in Little Ferry has been leased to Nikvin INC. The special purpose asset, spanning 1,100 square feet, was leased by the tenant, with Rustem Dervisevic acting as the landlord. The lease was facilitated by Damoun Yashar from A.W. Van Winkle & Co.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: N/A
- Address: 149 Washington Ave, Little Ferry
- Market: Little Ferry
- Landlord: Rustem Dervisevic
- Tenant: Nikvin INC
- Broker: Damoun Yashar - A.W. Van Winkle & Co
This lease transaction at 149 Washington Ave involved the special purpose asset. The landlord, Rustem Dervisevic, leased the property to Nikvin INC. The lease was negotiated with the assistance of Damoun Yashar from A.W. Van Winkle & Co.
Players
Little Ferry CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93