129 EFA, LLC Acquires Industrial Asset In Roselle, NJ From Nasbone Real Estate LLC For $1.165M
129 East 1st Avenue, Roselle, NJ, USA
$1,165,000
$164/SF
Building Size
7,100 SF
Asset Type
Industrial
Closing
Jul 12, 2020
AI
Located in Roselle, NJ, the industrial property located at 129 East First Avenue has been sold in a recent transaction. The sale, which took place on July 12, 2021, involved a total square footage of 7,100. The property was sold by Nasbone Real Estate LLC and purchased by 129 EFA, LLC for a price of $1,165,000, resulting in a price per square foot of $164.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,165,000
- Address: 129 East First Avenue, Roselle, NJ
- Market: Roselle, NJ
The deal was facilitated by the brokers Steve Jaynes and Jeffrey Goldfinger, representing Bussel Realty Corp. They played a crucial role in bringing together the buyer, 129 EFA, LLC, and the seller, Nasbone Real Estate LLC. Their expertise and negotiation skills helped in successfully closing the transaction.
Players
Roselle 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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93