Updated Sep 30, 2025
Brookfield Asset Management Acquires Industrial Property In Kearny, NJ For $67.2M
1100 Newark Avenue
$67,250,000
$1,186/SF
Building Size
56,700 SF
Asset Type
Industrial
Closing
Nov 30, 2022
About this deal
AI
The industrial property located at 1100 Newark Tpke in Kearny, NJ has been sold in a transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $67,250,000
- Square Footage: 56,700 SF
- Price Per Square Foot: $1,186
- Market: Kearny, NJ
The buyer of the property is Brookfield Asset Management, while the seller is CSX. The deal was facilitated by Isaac Setton and Bunny Escava from Kassin Sabbagh Realty.
The industrial sale at 1100 Newark Avenue in Harrison, New Jersey sold for $67.3M in 2022. The building is 56,700 square feet, implying about 1.2K per square foot on the published price. Bunny Escava, Kassin Sabbagh Realty, Brookfield Properties appear on the sale alongside Kassin Sabbagh Realty, Brookfield Properties. This page is the Harrison, New Jersey file for the 1100 Newark Avenue industrial sold: pricing, party profiles, and other closed industrial comps from the same Harrison sit in the Market section below. Filter that Harrison industrial set by closing date to see what else sold near 1100 Newark Avenue around 2022. Published consideration for 1100 Newark Avenue is $67.3M, dated 2022. Cite this Brookfield Asset Management Acquires Industrial Property In Kearny, NJ For $67.2M sale when underwriting similar industrial product around Harrison, New Jersey.
Players
Harrison Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93