Updated Feb 17, 2025
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
About this deal
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.
On the Map
Church
View full map
Players
Fair Lawn Church Market Snapshot
Boundary boundary · Church · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey church sales on Traded.
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