facebook
Traded Co logo
Submit

Vue Realty Group Closes $999,999 Sale Of 13,000 SF Industrial Property In Hudson County

Property Image
SOLD
$999,999
James Pompa
Natalie Esfandiari
Keon Hazzard

New Jersey

See Similar Deals
Industrial13,000 SF
Sold 07/07/2021
the dealplayerscompscontact
Property Image
SOLD

Vue Realty Group Closes $999,999 Sale Of 13,000 SF Industrial Property In Hudson County

588 56th Street, West New York, Hudson County, NJ, USA

See Similar Deals
Industrial13,000 SF
Sold 07/07/2021
James Pompa
Natalie Esfandiari
Keon Hazzard
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:13,000 SF
Transaction Type:Sale

A 13,000 square foot industrial property located at 588 56th Street in Hudson County has been sold. The transaction took place on 07/07/2021. The property was listed for an asking price of $1,400,000, but ultimately sold for $999,999. This translates to a price per square foot of $76.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $999,999
  • Address: 588 56th Street, Hudson County
  • Market: Hudson County

The deal was closed by brokers Keon L Hazzard from Keonskeys, James Pompa from Vue Realty Group, and Natalie Esfandiari from Weichert. Notably, after multiple unsuccessful attempts to sell the property over nearly a decade, Keon & James from Vue Realty Group successfully listed and closed the deal in under 50 days.

Players

Keon Hazzard
VUE Realty Group
Keon Hazzard
2 deals$2.2M volume
BROKER
Natalie Esfandiari
Weichert Realtors
Natalie Esfandiari
8 deals$8.4M volume
BROKER
James Pompa
PRIME Real Estate Group
James Pompa
2 deals$2M volume
BROKER

Details

SOLD
IMAGE: Keon L Hazzard & James Pompa DATE: 07/07/2021 ADDRESS: 588 56th Street MARKET: Hudson County ASSET TYPE: Industrial BROKERS: Keon L Hazzard @Keonskeys & James Pompa - Vue Realty Group & Natalie Esfandiari - Weichert ASKING PRICE: $1,400,000 SALE PRICE: $999,999 SF: 13,000 ~ PPSF: $76 NOTE: After several brokers failed trying to sell for almost a decade Vue Realty Group team Keon & James had the deal listed and closed in under 50 days.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.29

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.07