Huffscape 2 LLC Acquires Industrial Property In Ramsey For $925,000
82 West Main Street, Ramsey, New Jersey 07446, United States
$925,000
$154/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Apr 19, 2022
AI
An industrial property located at 82 W Main St in Ramsey has been sold in a recent transaction. The property spans 6,000 square feet and was sold at a price of $925,000, resulting in a price per square foot of $154. The sale took place on April 20, 2022, between the buyer, Huffscape 2 LLC, and the seller, Triple D LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $925,000
- Address: 82 W Main St
- Market: Ramsey
Jonathan Corbiscello from KW City Views represented the buyer, Huffscape 2 LLC, in this deal. On the seller's side, Michael N. Todaro and Michael Properties - Golden Image Realty acted as the seller's representatives. The property was previously listed for sale at an asking price of $979,000, and the final sale price was negotiated down to $925,000, indicating a successful negotiation for the buyer.
Players
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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93