Warren Godridge Sells Industrial Property At 41 Woodbine Street Bergenfield For $2.7M
41 Woodbine Street
$2,700,000
$225/SF
Building Size
12,000 SF
Asset Type
Industrial
Closing
Sep 12, 2024
AI
The property asset involved in the transaction is an industrial space located at 41 Woodbine Street in Bergenfield. The sale price for the property was $2,700,000, covering a total area of 12,000 square feet, resulting in a price per square foot of $225.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Address: 41 Woodbine Street
- Market: Bergenfield
- Square Footage: 12,000
- Price per Square Foot: $225
- Seller: Warren Godridge
- Broker: Dominic Fittizzi - NAI James E. Hanson
- Note: New owner will be manufacturing Google signs and trade show materials
The deal involved Warren Godridge as the seller, with representation provided by Dominic Fittizzi from NAI James E. Hanson. The new owner plans to utilize the property for manufacturing purposes related to Google signs and trade show materials.
Bergenfield 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93