199 Railroad Ave In East Rutherford Sells For $1.2M With Buyer's Rep Moe Sankar
SOLD
$1,200,000
New Jersey
See Similar DealsIndustrial13,524 SF
Sold 04/28/2021
SOLD
199 Railroad Ave In East Rutherford Sells For $1.2M With Buyer's Rep Moe Sankar
199 Railroad Ave, East Rutherford, NJ, USA
See Similar DealsIndustrial13,524 SF
Sold 04/28/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:13,524 SF
Transaction Type:Sale
An industrial property located at 199 Railroad Ave in East Rutherford has been sold. The property has a total square footage of 13,524 and was sold at a price of $1,200,000, resulting in a price per square foot of $89. The transaction took place on April 28, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 199 Railroad Ave
- Market: East Rutherford
The buyer of the property was 199 Railroad Ave LLC, while the seller was Dawn Bible Students Association. Moe Sankar represented the buyer as their broker from Keller Williams Park Views Realty. AW Van Winkle represented the seller in the deal. The buyer's representative can be contacted at [email protected] or via phone at 973-261-3995.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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