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730 Grand Avenue

Zev Halpert Acquires Industrial Property In Ridgefield, NJ For $12M
SOLDIndustrial

Zev Halpert Acquires Industrial Property In Ridgefield, NJ For $12M

730 Grand Avenue

$12,000,000

$153/SF

Building Size

78,134 SF

Asset Type

Industrial

Closing

Sep 16, 2022

AI

The industrial property located at 730 Grand Avenue in Ridgefield, NJ has been sold for $12,000,000. The property spans an area of 78,134 square feet, resulting in a price per square foot of $153. The transaction took place on September 16, 2022, with Zev Halpert as the buyer and Jinsup An as the seller. The deal was facilitated by David Warren from KSR. This sale contributes to the expanding presence of the KSR team in the industrial markets nationwide.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,000,000
  • Square Footage: 78,134
  • Price per Square Foot: $153
  • Buyer: Zev Halpert
  • Seller: Jinsup An
  • Broker: David Warren - KSR

If you have any future opportunities or inquiries, please feel free to contact David Warren at [email protected].

Players

David Warren

Kassin Sabbagh Realty

Broker

$283.8M

vol

27 deals

Broker

Ridgefield 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93