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81 Orchard Street

RITA Corp Sells Industrial Property In Ramsey, NJ For $2.5M
SOLDIndustrial

RITA Corp Sells Industrial Property In Ramsey, NJ For $2.5M

81 Orchard Street

$2,500,000

$285/SF

Building Size

8,762 SF

Asset Type

Industrial

Closing

Apr 25, 2024

AI

The industrial property located at 81 Orchard Street in Ramsey, NJ, was sold by seller RITA Corp at a price of $2,500,000. The property spans 8,762 square feet with a price per square foot of $285.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Market: Ramsey, NJ
  • Seller: RITA Corp
  • Broker: Jon Cohen - Skyline Real Estate Partners
  • SF: 8,762
  • PPSF: $285

Jon Cohen from Skyline Real Estate Partners represented the seller, RITA Corp, in this property transaction at 81 Orchard Street. Cohen played a pivotal role in facilitating the sale, showcasing his expertise in the industrial real estate market.

Players

Jon Cohen

Skyline Real Estate Partners

Broker

$10M

vol

6 deals

Broker

Ramsey 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93