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].
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