Updated Oct 28, 2024
Dave Goldberg Acquires Industrial Property In Hackensack From Brentwood Realty For $7.3M
61 Voorhis Lane, Hackensack, New Jersey 07601, United States
$7,300,000
$164/SF
Building Size
44,500 SF
Asset Type
Industrial
Closing
Jun 30, 2022
About this deal
AI
The industrial property located at 61 Voorhis Lane, 84 Johnson Ave., and 73-100 Burlews Court in Hackensack has been sold for a price of $7,300,000. Spanning over an area of 44,500 square feet, the property was purchased by Dave Goldberg from the seller, Brentwood Realty. The sale was facilitated by brokers Andrew Schwartz, Jordan Sobel, and André Balthazard from Cushman & Wakefield.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Address: 61 Voorhis Lane, 84 Johnson Ave., and 73-100 Burlews Court
- Market: Hackensack
- Buyer: Dave Goldberg
- Seller: Brentwood Realty
- Brokers: Andrew Schwartz, Jordan Sobel, and André Balthazard - Cushman & Wakefield
- Square Footage: 44,500
- Price Per Square Foot: $164
Andrew Schwartz, Jordan Sobel, and André Balthazard from Cushman & Wakefield played a significant role in facilitating the transaction as the brokers representing both the buyer and the seller. Their expertise and efforts contributed to the successful completion of the deal.
Players
Hackensack 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93