Updated Oct 29, 2024
NSN Properties Inc Sells Industrial Property On 588 56th Street, West New York, NJ For $999,999
588 56th Street, West New York, NJ, USA
$999,999
$66/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Feb 1, 2021
About this deal
AI
The industrial property located at 588 56th Street in West New York, NJ has been sold. The transaction took place on 02/01/2021. The property is owned by NSN Properties Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $999,999
- Asking Price: $1,400,000
- Broker: Natalie Esfandiari - heNJGroup @Weichert
Natalie Esfandiari from the heNJGroup @Weichert represented the seller, NSN Properties Inc. The asking price for the property was $1,400,000, and it was sold for $999,999.
The industrial sale at 588 56th Street, West New York, NJ, USA in West New York, New Jersey sold for $1M in 2021. The building is 15,000 square feet, implying about 66 per square foot on the published price. Natalie Esfandiari, Weichert Realtors appear on the sale alongside Weichert Realtors. This page is the West New York, New Jersey file for the 588 56th Street, West New York, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same West New York sit in the Market section below. Filter that West New York industrial set by closing date to see what else sold near 588 56th Street, West New York, NJ, USA around 2021. Published consideration for 588 56th Street, West New York, NJ, USA is $1M, dated 2021. Cite this NSN Properties Inc Sells Industrial Property On 588 56th Street, West New York, NJ For $999,999 sale when underwriting similar industrial product around West New York, New Jersey.
West New York Industrial Market Snapshot
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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