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
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