YC Steg Acquires Industrial Property In Northvale, NJ For $5.85M
SOLD
$5,850,000
New Jersey
See Similar DealsIndustrial43,550 SF
Sold 12/22/2021
SOLD
YC Steg Acquires Industrial Property In Northvale, NJ For $5.85M
159 Paris Avenue, Northvale, New Jersey 07647, United States
See Similar DealsIndustrial43,550 SF
Sold 12/22/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:43,550 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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