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40 25 Fair Lawn Avenue

Bris Avrohom Purchases Temple Beth Sholom House Of Worship In Fair Lawn For Community Use
SOLDChurch

Bris Avrohom Purchases Temple Beth Sholom House Of Worship In Fair Lawn For Community Use

40 25 Fair Lawn Avenue

Building Size

28,000 SF

Asset Type

Church

Closing

Feb 14, 2025

AI

The property involved in the transaction is a house of worship located at 40-25 Fair Lawn Avenue in Fair Lawn. It spans 28,000 square feet and sits on 2 acres of land. The asset was previously owned by Temple Beth Sholom and marks the first time it was on the market in over 60 years.

Summary of transaction details:

  • Property Type: House of Worship
  • Transaction Amount: Not disclosed
  • Buyer: Bris Avrohom
  • Seller: Temple Beth Sholom
  • Broker: Mary Swatek - Newmark Associates

Mary Swatek managed the complex transaction for the seller, Temple Beth Sholom. The buyer, Bris Avrohom, plans to renovate the property for Jewish education and community use.

Players

Mary Swatek

Newmark Associates

Broker

$1.7M

vol

3 deals

Broker

Fair Lawn Church Market Snapshot

Boundary boundary · Church · Sale 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