Updated Oct 28, 2024
Dholakia Properties LLC Acquires Industrial Property In East Rutherford, NJ For $5.55M
190 Van Winkle Street
$5,550,000
$123/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Oct 25, 2022
About this deal
AI
The industrial property located at 190 Van Winkle St in East Rutherford, NJ has been sold for a price of $5,550,000. The property spans 45,000 square feet, resulting in a price per square foot of $123.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,550,000
- Square Footage: 45,000
- Price per Square Foot: $123
- Address: 190 Van Winkle St, East Rutherford, NJ
- Market: East Rutherford, NJ
The buyer of the property is Dholakia Properties LLC, while the seller is 190 Van Winkle Realty LLC. The transaction was facilitated by Maggie Abdo-Manno, CCIM from Century21 Semiao and Associates, who represented the buyer.
Players
East Rutherford 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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93