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Nael Abutabikh Acquires Industrial Property From Norman Bickoff In Passaic For $900,000

Property Image
SOLD
$900,000
Joseph Spinella
Henry Eisenstein
Aidan Alverson

New Jersey

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Industrial10,000 SF
Sold 05/08/2025
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SOLD

Nael Abutabikh Acquires Industrial Property From Norman Bickoff In Passaic For $900,000

115 Myrtle Avenue

See Similar Deals
Industrial10,000 SF
Sold 05/08/2025
Joseph Spinella
Henry Eisenstein
Aidan Alverson
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$90
Total Square Footage:10,000 SF
Transaction Type:Sale

The property asset is an industrial asset located at 115 Myrtle Avenue in the Passaic market. The transaction for the property was completed at a sale price of $900,000. The total square footage of the asset is 10,000, resulting in a price per square foot of $90.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $900,000
  • Address: 115 Myrtle Avenue
  • Market: Passaic
  • Square Footage: 10,000
  • Price Per Square Foot: $90
  • Buyer: Nael Abutabikh
  • Seller: Norman Bickoff
  • Brokers: Joseph Spinella - KW Commercial, Aidan Alverson - Keller Williams Realty, Henry Eisenstein - EXP Realty

Joseph Spinella, Aidan Alverson, and Henry Eisenstein were the brokers involved in this transaction, representing their respective agencies. Joseph Spinella serves as the Director of Commercial Real Estate at KW and is available at 732-546-7501 for any commercial real estate assistance.

Players

Joseph Spinella
Keller Williams Realty
Joseph Spinella
24 deals$55.7M volume(732) 546-7501
BROKER
Henry Eisenstein
EXP Realty
Henry Eisenstein
18 deals$64M volume(908) 216-6532
BROKER
Aidan Alverson
Keller Williams Realty
Aidan Alverson
4 deals$14.2M volume
BROKER

Details

SOLD
IMAGE: Joseph Spinella, Aidan Alverson & Henry Eisenstein DATE: 5/8/2025 ADDRESS: 115 Myrtle Avenue MARKET: Passaic ASSET TYPE: Industrial BUYER: Nael Abutabikh SELLER: Norman Bickoff BROKERS: Joseph Spinella (@Joeyrealestatekw) - KW Commercial (@KW_Commercial); Aidan Alverson (@A_Alverson) - Keller Williams Realty (@KellerWilliamsRealty); Henry Eisenstein (@HenryEisenstein) - EXP Realty (@ExpRealty_) SALE PRICE: $900,000 SF: 10,000 ~ PPSF: $90 NOTE FROM BROKER: Joseph Spinella (732-546-7501) Director of Commercial Real Estate KW Please reach out if you need Commercial Real Estate assistance!

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
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