Updated Oct 29, 2024
GNAP Development LLC Acquires Property At 433 Murray Hill Pkwy East Rutherford For $14M With Matthew Dudzinski As Buyer's Rep
433 Murray Hill Pkwy, East Rutherford...
$14,000,000
$140/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
An industrial building located at 433 Murray Hill Pkwy in East Rutherford has been sold for $14,000,000. The property encompasses a total area of 100,000 square feet and is situated in the East Rutherford market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,000,000.00
- Address: 433 Murray Hill Pkwy, East Rutherford
- Market: East Rutherford
- Buyer: GNAP Development LLC
- Seller: Unknown
- Buyer's Representative: Matthew Dudzinski - Atlantic Real Estate Services
- Seller's Representatives: David Cantor, Greg Sholom
The sale was facilitated by Team Resources Inc., with President Gregory Sholom and CEO David Cantor representing the seller during the transaction. Matthew Dudzinski represented the buyer, GNAP Development LLC, in this deal.
Players
East Rutherford 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93