NSN Properties Inc Sells Industrial Property On 588 56th Street, West New York, NJ For $999,999
SOLD
$999,999
New Jersey
See Similar DealsIndustrial15,000 SF
Sold 02/01/2021
SOLD
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
See Similar DealsIndustrial15,000 SF
Sold 02/01/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:15,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
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
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