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219 Emmet Street, Ironbound...

Quinas Real Estate Facilitates $1.285M Sale Of Industrial Property In Ironbound
SOLDIndustrial

Quinas Real Estate Facilitates $1.285M Sale Of Industrial Property In Ironbound

219 Emmet Street, Ironbound, Newark, NJ, USA

$1,285,000

$51/SF

Building Size

25,000 SF

Asset Type

Industrial

Closing

Nov 19, 2021

AI

Located in the Ironbound district, the industrial property at 219-237 Emmet Street was recently sold. The sale, facilitated by Ryan Cerqueira of Quinas Real Estate, closed on November 19, 2021. The property spans approximately 25,000 square feet and was sold for a price of $1,285,000, resulting in a price per square foot of $51. The transaction involves the demolition of the existing structure, paving the way for the development of industrial parking and storage facilities. For more information on leasing opportunities, interested parties can reach out to Ryan Cerqueira.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,285,000
  • Square Footage: 25,000
  • Price Per Square Foot: $51
  • Address: 219-237 Emmet Street
  • Market: Ironbound

Ryan Cerqueira, representing Quinas Real Estate, played a pivotal role in this transaction. With their expertise in the field, Ryan Cerqueira helped facilitate the sale of the industrial property, ensuring a successful deal for all parties involved. For specific lease details and further information, it is advised to contact Ryan Cerqueira directly at [email protected].

Players

Ryan Cerqueira

The Quinas Companies

Broker

$36.4M

vol

13 deals

Broker

Newark Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.34%

Cash-on-Cash

-3.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93