Updated Oct 28, 2024
Northpath Investments Acquires Industrial Property In Fairview For $5.1M
323 Bergen Boulevard, Fairview, New Jersey 07022, United States
$5,100,000
$171/SF
Building Size
29,822 SF
Asset Type
Industrial
Closing
May 15, 2022
About this deal
AI
The industrial property located at 323 Bergen Blvd in Fairview has been sold for a price of $5,100,000. The property spans a total area of 29,822 square feet, resulting in a price per square foot of $171. Gershon Alexander, a representative from Northpath Investments, acted as the buyer in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,100,000
- Address: 323 Bergen Blvd, Fairview
- Market: Fairview
- Buyer: Northpath Investments - Gershon Alexander
- Square Footage: 29,822
- Price per Square Foot: $171
Gershon Alexander, representing Northpath Investments, played a key role as the buyer in this industrial property transaction.
On the Map
$5,100,000
$171/SF
Industrial
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Fairview 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93