Updated Dec 19, 2023
Robert Usdin Sells Industrial Property In Bayonne For $28.6M
148 East 5th Street, Bayonne, New Jersey 07002, United States
$28,600,000
$131/SF
Building Size
217,356 SF
Asset Type
Industrial
Closing
Dec 23, 2021
About this deal
AI
The industrial property located at 148 East 5th St in Bayonne has been sold for a total price of $28,600,000. The property spans across 217,356 square feet and was sold at a price per square foot of $132.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $28,600,000
- Address: 148 East 5th St
- Market: Bayonne
The seller of the property was Robert Usdin. The sale was facilitated by brokers Isaac Setton and Bunny Escava from Kassin Sabbagh Realty.
The industrial sale at 148 East 5th Street, Bayonne, New Jersey 07002, United States in Bayonne, New Jersey sold for $28.6M in 2021. The building is 217,356 square feet, implying about 131 per square foot on the published price. Bunny Escava, Isaac R. Setton, Kassin Sabbagh Realty appear on the sale alongside Kassin Sabbagh Realty. This page is the Bayonne, New Jersey file for the 148 East 5th Street, Bayonne, New Jersey 07002, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Bayonne sit in the Market section below. Filter that Bayonne industrial set by closing date to see what else sold near 148 East 5th Street, Bayonne, New Jersey 07002, United States around 2021. Published consideration for 148 East 5th Street, Bayonne, New Jersey 07002, United States is $28.6M, dated 2021. Cite this Robert Usdin Sells Industrial Property In Bayonne For $28.6M sale when underwriting similar industrial product around Bayonne, New Jersey.
Players
Bayonne 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93