Jon Dario Acquires $1.9M Industrial Property In Newark, NJ From Cecilia Zalkind
SOLD
$1,913,300
New Jersey
See Similar DealsIndustrial
Sold 02/23/2022
SOLD
Jon Dario Acquires $1.9M Industrial Property In Newark, NJ From Cecilia Zalkind
7 Bleeker Street, Newark, New Jersey 07102, United States
See Similar DealsIndustrial
Sold 02/23/2022
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 7 Bleeker St, Newark, NJ. The sale was finalized on February 23, 2022, for a price of $1,913,300.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,913,300
- Buyer: Jon Dario
- Seller: Cecilia Zalkind
This transaction was facilitated by the parties' engagement, with Jon Dario acting as the buyer while Cecilia Zalkind served as the seller. Specific details regarding their roles contributed to the completion of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,042.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,797.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,070.02
Annual Debt Service$108,840.22
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