Updated Dec 4, 2024
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
About this deal
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