199 Railroad Ave In East Rutherford Sells For $1.2M With Buyer's Rep Moe Sankar
199 Railroad Ave, East Rutherford, NJ, USA
$1,200,000
$88/SF
Building Size
13,524 SF
Asset Type
Industrial
Closing
Apr 27, 2021
AI
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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93