Updated Dec 9, 2025
Kathleen Crockett Of Penske Corp Acquires Industrial Property In North Bergen For $8.3M
2901 Tonnelle Avenue & 2901 Dell Avenue
$8,300,000
$638/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Nov 18, 2025
About this deal
AI
This industrial asset, located at 2901 Tonnelle Avenue & 2901 Dell Avenue in the North Bergen market, was sold by Lazer Katz to Kathleen Crockett representing Penske Corp for a transaction amount of $8,300,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Buyer: Kathleen Crockett - Penske Corp
- Seller: Lazer Katz
- Broker: Joel Cukier - NorthMarq
- Sale Date: 11/18/2025
Joel Cukier of NorthMarq represented the seller, Lazer Katz, in this transaction, facilitating the deal between the parties involved to complete the sale of the property.
On the Map
$8,300,000
$638/SF
Industrial
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Players
North Bergen 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93