Updated Dec 19, 2023
Cushman & Wakefield Brokers Sell Industrial Properties In Northvale For $27M
140 Ludlow Ave, Northvale, NJ, USA
$27,000,000
$139/SF
Building Size
193,235 SF
Asset Type
Industrial
Closing
Jul 27, 2021
About this deal
AI
The industrial property located at 140, 150, and 170 Ludlow Ave. in Northvale has been sold for a transaction amount of $27,000,000. Spanning across 193,235 square feet, the property was sold at a price of $140 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,000,000
- Address: 140, 150 & 170 Ludlow Ave.
- Market: Northvale
- Square Footage: 193,235
- Price per Square Foot: $140
The sale of this industrial property was facilitated by brokers Gary Gabriel, Kyle Schmidt, Chuck Fern, Tom Tucci, and Eli Millstein from Cushman & Wakefield.
Players
Northvale 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93