Updated Oct 28, 2024
Rexing Inc Acquires Industrial Property In Little Ferry For $3M
34 Ludwig Street, Little Ferry, New Jersey 07643, United States
$3,000,000
$236/SF
Building Size
12,700 SF
Asset Type
Industrial
Closing
Mar 9, 2022
About this deal
AI
A industrial property located at 34 Ludwig St in Little Ferry has been sold for $3,000,000. The property spans 12,700 square feet, resulting in a price per square foot of $236. The transaction took place on 03/10/2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 34 Ludwig St, Little Ferry
- Market: Little Ferry
The buyer of the property was Eric Sun, representing Rexing Inc, while Aple Sales LLC served as the seller. The transaction was facilitated by brokers Michael Fromowitz from Point West Realty and Don Kornbluth from Palestina Scrivo Properties Inc.
Players
Little Ferry 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93