Kislak Brokers Facilitate $2.1M Industrial Sale Of 154-162 Pine St. In Montclair
SOLD
$2,100,000
New Jersey
See Similar DealsIndustrial14,000 SF
Sold 01/19/2022
SOLD
Kislak Brokers Facilitate $2.1M Industrial Sale Of 154-162 Pine St. In Montclair
154-162 Pine Street, Montclair, New Jersey 07042, United States
See Similar DealsIndustrial14,000 SF
Sold 01/19/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:14,000 SF
Transaction Type:Sale
The industrial property located at 154-162 Pine Street in Montclair has been sold for a price of $2,100,000. The property spans 14,000 square feet, resulting in a price per square foot of $150.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 154-162 Pine Street
- Market: Montclair
- Square Footage: 14,000
- Price per Square Foot: $150
The sale was facilitated by the brokers Peter Wisniewski and Stephen Gianis from Kislak.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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