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199 Railroad Ave, East Ruth...

199 Railroad Ave In East Rutherford Sells For $1.2M With Buyer's Rep Moe Sankar
SOLDIndustrial

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.

Players

Moe Sankar

Keller Williams Realty

Broker

$4.7M

vol

4 deals

Broker

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