Updated Oct 29, 2024
Westfield Ave Realty LLC Acquires Industrial Property In Roselle Park For $4.65M
180 Westfield Avenue West, Roselle Park, NJ, USA
$4,650,000
$58/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jan 19, 2021
About this deal
AI
Westfield Ave Realty LLC has acquired a industrial property located at 180 Westfield Avenue in Roselle Park. The property spans approximately 80,000 square feet and was sold for a price of $4,650,000, resulting in a price per square foot of $58. The transaction took place on January 20, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,650,000
- Address: 180 Westfield Avenue
- Market: Roselle Park
The buyer, Westfield Ave Realty LLC, acquired the property from the seller, Ramani Group LLC. The deal was facilitated by brokers Sheneeza Ali and Eric Heller from Lee & Associates.
Roselle Park 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93