Updated Dec 21, 2023
Alan Cafiero, David Cafiero, And John Moroz Acquire Industrial Property In Ringwood For $3.1M
24 Executive Parkway, Ringwood, New Jersey 07456, United States
$3,100,000
$88/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Apr 18, 2022
About this deal
AI
Alan Cafiero, David Cafiero, and John Moroz of Marcus & Millichap represented the seller in the sale of an industrial property located at 24 Executive Parkway in Ringwood. The transaction took place on April 19, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,100,000
- Square Footage: 35,000
- Price per Square Foot: $89
- Address: 24 Executive Parkway, Ringwood
The sale was facilitated by Alan Cafiero, David Cafiero, and John Moroz, who represented the seller in the transaction. They are brokers from Marcus & Millichap.
Players
Ringwood 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93