Updated Oct 28, 2024
Weld Planet LLC Acquires Industrial Property In North Bergen For $1.35M
7500 Tonnelle Avenue, North Bergen, New Jersey 07047, United States
$1,350,000
$186/SF
Building Size
7,238 SF
Asset Type
Industrial
Closing
Mar 29, 2022
About this deal
AI
A 7,238 square foot industrial property located at 7500 Tonnelle Ave in North Bergen was recently sold for $1,350,000. The property, listed by Gregory Tavarez of Tavarez Group - BLVD Real Estate, was purchased by Weld Planet LLC from seller Valentina Nowakiwsky. The asking price for the property was $1,500,000, resulting in a price per square foot of $187.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,350,000
- Address: 7500 Tonnelle Ave
- Market: North Bergen
- Broker: Gregory Tavarez - Tavarez Group - BLVD Real Estate
This transaction was facilitated by Gregory Tavarez of Tavarez Group - BLVD Real Estate, who represented the buyer, Weld Planet LLC, in this deal. The successful sale of this industrial property highlights the expertise of the individuals and companies involved in the transaction.
Players
North Bergen 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93