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2901 Tonnelle Avenue

Kathleen Crockett Of Penske Corp Acquires Industrial Property In North Bergen For $8.3M
SOLDIndustrial

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

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.

Players

Joel Cukier

Malchus Real Estate

Broker

$69.4M

vol

8 deals

Broker
NorthMarq
NorthMarqBrokerage

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