SOLDIndustrial
David & Celia Smouha Acquire Industrial Property In Carlstadt For $2.65M
338 13th Street, Carlstadt, NJ, USA
$2,650,000
$171/SF
Building Size
15,480 SF
Asset Type
Industrial
Closing
Mar 18, 2021
AI
The industrial property located at 338-340 13th Street in Carlstadt was recently sold for $2,650,000. The transaction took place on March 19, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,650,000
- Square Footage: 15,480
- Price Per Square Foot: $171
- Address: 338-340 13th Street, Carlstadt
- Buyer: David & Celia Smouha
- Seller: Oscar Balloveras
- Brokers: Steven N. Muller & Maggie Abdo Manno
David and Celia Smouha were the buyers in this transaction, while Oscar Balloveras acted as the seller. The deal was facilitated by brokers Steven N. Muller and Maggie Abdo Manno.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93