Mohammad Nazzal Acquires West New York Industrial Property For $1.68M
SOLD
$1,680,000
New Jersey
See Similar DealsIndustrial15,427 SF
Sold 05/30/2024
SOLD
Mohammad Nazzal Acquires West New York Industrial Property For $1.68M
590 56th Street
See Similar DealsIndustrial15,427 SF
Sold 05/30/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:15,427 SF
Transaction Type:Sale
Located at 590 56th Street in West New York, the industrial property spanning 15,427 square feet was recently involved in a transaction valued at $1,680,000, equating to $109 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,680,000
- Buyer: Mohammad Nazzal
- Seller: Philip Eisenberg - Urban American
- Broker: David Betesh
- Address: 590 56th Street
- Market: West New York
The deal was facilitated by David Betesh, representing the parties involved in the transaction.
Players
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,968.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,964.06
Annual Debt Service$95,568.69
Is there something missing? Send suggestions