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Criterion Group Acquires Industrial Property In Newark For $26.1M With Brokers Isaac R. Setton, Bunny Escava & Bryna Flaum - KSR

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SOLD
$26,100,000

New Jersey

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Industrial
Sold 06/22/2023
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Property Image
SOLD

Criterion Group Acquires Industrial Property In Newark For $26.1M With Brokers Isaac R. Setton, Bunny Escava & Bryna Flaum - KSR

206 N 12th St Newark, Nj 07107, Usa

See Similar Deals
Industrial
Sold 06/22/2023
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Summary

NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale

The industrial property located at 206-238 N 12th St & 1 Springdale Ave in Newark was recently sold. The property spans across 10 acres with a sales price of $26,100,000. The transaction was facilitated by brokers Isaac R. Setton, Bunny Escava, and Bryna Flaum from KSR. The buyer of the property is Criterion Group, while the seller is Notte Management Group, represented by John Davis.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,100,000
  • Address: 206-238 N 12th St & 1 Springdale Ave
  • Market: Newark
  • Buyer: Criterion Group
  • Seller: Notte Management Group - John Davis
  • Brokers: Isaac R. Setton, Bunny Escava, and Bryna Flaum - KSR

The property transaction involved key individuals and companies. The buyer, Criterion Group, made a significant investment to acquire the industrial property in Newark. On the other hand, Notte Management Group, represented by John Davis, acted as the seller in the deal. The transaction was successfully facilitated by brokers Isaac R. Setton, Bunny Escava, and Bryna Flaum from KSR.

Players

Bunny Escava
44 deals$1.2B volume(917) 886-7545
BROKER

Isaac R. Setton
Kassin Sabbagh Realty
30 deals$686.6M volume
BROKER

Bryna Flaum
Five Towns Miller Realty
2 deals$26.1M volume(516) 322-4831
BROKER

Criterion Group
BUYER

Details

SOLD
IMAGE: Isaac R. Setton, Bunny Escava & Bryna Flaum DATE: 06/22/2023 ADDRESS: 206-238 N 12th St & 1 Springdale Ave MARKET: Newark ASSET TYPE: Industrial BUYER: Criterion Group SELLER: Notte Management Group - John Davis BROKERS: Isaac R. Setton (@IsaacRSetton), Bunny Escava (@Bunnnyyy) & Bryna Flaum (@BrokerBryna_2.0) - KSR (@Kassin_Sabbagh_Realty) SALE PRICE: $26,100,000 ACRES: 10 ~ PPA: $2,610,000 .Setton

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,392,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,727.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,727.32
Annual Debt Service$1,484,727.79