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
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.
West New York 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93