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154-162 Pine Street, Montcl...

Kislak Brokers Facilitate $2.1M Industrial Sale Of 154-162 Pine St. In Montclair
SOLDIndustrial

Kislak Brokers Facilitate $2.1M Industrial Sale Of 154-162 Pine St. In Montclair

154-162 Pine Street, Montclair, New Jersey 07042, United States

$2,100,000

$150/SF

Building Size

14,000 SF

Asset Type

Industrial

Closing

Jan 18, 2022

AI

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.

Players

Peter Wisniewski

Kislak

Broker

$10.6M

vol

4 deals

Broker

Montclair 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93