Updated Sep 30, 2025
Brookfield Asset Management Acquires Industrial Property In Kearny, NJ For $67.3M
1100 Newark Tpke, Kearny, NJ 07032
$67,250,000
$1,200,892/SF
Building Size
56 SF
Asset Type
Industrial
Closing
Nov 30, 2022
About this deal
AI
A 56,700 square feet industrial property located at 1100 Newark Tpke in Kearny, NJ has been sold for $67,250,000. The property was acquired by Brookfield Asset Management from CSX. The transaction was facilitated by Isaac Setton and Bunny Escava from Kassin Sabbagh Realty acting as the brokers.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $67,250,000
- Address: 1100 Newark Tpke, Kearny, NJ
- Market: Kearny, NJ
- Buyer: Brookfield Asset Management
- Seller: CSX
- Brokers: Isaac Setton & Bunny Escava - Kassin Sabbagh Realty
The deal involved the purchase of an industrial property in Kearny, NJ. Brookfield Asset Management, a prominent buyer in the real estate market, acquired the property from CSX. The transaction was facilitated by Isaac Setton and Bunny Escava, both representing Kassin Sabbagh Realty.
On the Map
$67,250,000
$1,200,892/SF
Industrial
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Players
Kearny 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