Updated Sep 30, 2025
Brookfield Acquires Industrial Property In Carlstadt, NJ For $7M
314 16th Street, Carlstadt, NJ 07072, USA
$7,000,000
$166/SF
Building Size
42,169 SF
Asset Type
Industrial
Closing
Jun 1, 2020
About this deal
AI
An industrial property located at 314 16th St in Carlstadt, NJ, was recently sold in a transaction. The property spans a total of 42,169 square feet and is situated on 2.44 acres of land. The sale price for this industrial asset was $7,000,000, resulting in a price per square foot of $166 and a price per acre of $2,868,852.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 42,169
- Price per Square Foot: $166
- Acres: 2.44
- Price per Acre: $2,868,852
Brookfield acquired the property from 95West. The transaction was facilitated by Marc Duval, Jordan Avanzato, and Nicholas Stefans represented by Marc Duval, Jordan Avanzato from JLL.
Players
Carlstadt 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93