Updated Dec 4, 2024
Mohammad Nazzal Acquires West New York Industrial Property For $1.68M
590 56th Street
$1,680,000
$108/SF
Building Size
15,427 SF
Asset Type
Industrial
Closing
May 30, 2024
About this deal
AI
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.
The industrial sale at 590 56th Street in West New York, New Jersey sold for $1.7M in 2024. The building is 15,427 square feet, implying about 108 per square foot on the published price. David Betesh, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the West New York, New Jersey file for the 590 56th Street 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 590 56th Street around 2024. Published consideration for 590 56th Street is $1.7M, dated 2024. Cite this Mohammad Nazzal Acquires West New York Industrial Property For $1.68M sale when underwriting similar industrial product around West New York, New Jersey.
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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93