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547-555 Main Street, Hacken...

Yasmeen Fatima Property LLC Acquires 0.48 Acres Of Land In Hackensack For $1.5M
SOLD

Yasmeen Fatima Property LLC Acquires 0.48 Acres Of Land In Hackensack For $1.5M

547-555 Main Street, Hackensack, New Jersey 07601, United States

$1,500,000

$100/SF

Building Size

15,000 SF

Asset Type

Closing

Sep 14, 2022

AI

The property at 547-555 Main St in Hackensack has been sold in a recent transaction. The property is a land asset spanning approximately 0.48 acres. The sale took place on 09/15/2022, and the sale price amounted to $1,500,000. The buyer of the property is Yasmeen Fatima Property LLC, while the seller's representative is Jonathan Kristofich from NAI James E. Hanson. The buyer was represented by Devin Perez from Sotheby’s Prominent Properties.

Summary of transaction details:

  • Property Type: Land
  • Sale Price: $1,500,000
  • Transaction Date: 09/15/2022
  • Buyer: Yasmeen Fatima Property LLC
  • Buyer's Representative: Devin Perez - Sotheby’s Prominent Properties
  • Seller's Representative: Jonathan Kristofich - NAI James E. Hanson
  • Market: Hackensack
  • Asset Type: Land
  • Acres: 0.48

Jonathan Kristofich from NAI James E. Hanson played a crucial role as the seller's representative in this transaction. Devin Perez, on the other hand, represented Yasmeen Fatima Property LLC as their buyer's agent. The property, with a building square footage of 15,000, was sold at a price per building square footage of $100.

Players

Devin Perez

Marcus & Millichap

Broker

$54M

vol

13 deals

Broker
NAI Global
NAI GlobalBrokerage

Hackensack CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93