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
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