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190 Van Winkle Street

Updated Oct 28, 2024

SOLDIndustrial

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

Maggie Abdo-Manno

Century 21

Broker

$8.8M

vol

2 deals

Broker

East Rutherford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $123 per square foot on a published $5.6M for 45,000 square feet (2022).

Visit Maggie Abdo-Manno to view all their deals.

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

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