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Huffscape 2 LLC Acquires Industrial Property In Ramsey For $925,000

Property Image
SOLD
$925,000
Jonathan Corbiscello
Michael Todaro

New Jersey

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Industrial6,000 SF
Sold 04/20/2022
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Property Image
SOLD

Huffscape 2 LLC Acquires Industrial Property In Ramsey For $925,000

82 West Main Street, Ramsey, New Jersey 07446, United States

See Similar Deals
Industrial6,000 SF
Sold 04/20/2022
Jonathan Corbiscello
Michael Todaro
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:6,000 SF
Transaction Type:Sale

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

Michael Todaro
Serhant
Michael Todaro
13 deals$26.3M volume(201) 760-1700
BROKER
Jonathan Corbiscello
Keller Williams Realty
Jonathan Corbiscello
2 deals$925K volume
BROKER

Details

SOLD
IMAGE: Michael N. Todaro & Jonathan Corbiscello DATE: 04/20/2022 ADDRESS: 82 W Main St MARKET: Ramsey ASSET TYPE: Industrial BUYER: Huffscape 2 LLC SELLER: Triple D LLC BUYER'S REP: Jonathan Corbiscello (@JonCorbiscello) - KW City Views (@KwCityViews) SELLER'S REP: Michael N. Todaro (@Yourrealestateagent), (@GoldenImageRealtyRamsey), (@Yourpropertybroker) - Michael Properties - Golden Image Realty (@GoldenImageRealtyRamsey) ASKING PRICE: $979,000 SALE PRICE: $925,000 SF: 6,000 ~ PPSF: $154

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$49,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
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