Updated Oct 28, 2024
Yaron Gohar Acquires Industrial Property In Elizabeth, NJ For $850K
420 Westminster Avenue, Elizabeth, NJ 07208
$850,000
$106/SF
Building Size
7,950 SF
Asset Type
Industrial
Closing
Sep 9, 2021
About this deal
AI
An industrial property located at 420-424 Westminster Ave in Elizabeth, NJ has been sold. The property spans 7,950 square feet and was sold for a price of $850,000, resulting in a price per square foot of $107. The transaction took place on September 9, 2021. The seller of the property was Covenant House New Jersey.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $850,000
- Address: 420-424 Westminster Ave, Elizabeth, NJ
- Market: Elizabeth, NJ
- Buyer: Yaron Gohar
- Seller: Covenant House New Jersey
Coldwell Banker Realty represented the buyer, Yaron Gohar, in this transaction.
Elizabeth 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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93