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
$999,999
$76/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Jul 7, 2021
AI
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
West New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93