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.
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