YC Steg Acquires Industrial Property In Northvale, NJ For $5.85M
159 Paris Avenue, Northvale, New Jersey 07647, United States
$5,850,000
$134/SF
Building Size
43,550 SF
Asset Type
Industrial
Closing
Dec 21, 2021
AI
An industrial property located at 159 Paris Ave in Northvale, Northern NJ has been sold in a transaction. The property spans 43,550 square feet, with a sale price of $5,850,000, resulting in a price per square foot of $134.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,850,000
The buyer of the property is YC Steg, while the seller is Jimmy Choi. Representing the seller in this transaction were Justin Michael Natalizio, Eric Michael Anton, Nathan Ande, and Matthew Nestler from Marcus & Millichap.
Players
Northvale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93