Frank Cucchira Sells Industrial Property At 85 Oak Street In Norwood For $2.9M With Brokers Crystal Burns And Sam Boyarsky
SOLD
$2,900,000
New Jersey
See Similar DealsIndustrial11,500 SF
Sold 08/20/2025
SOLD
Frank Cucchira Sells Industrial Property At 85 Oak Street In Norwood For $2.9M With Brokers Crystal Burns And Sam Boyarsky
85 Oak Street
See Similar DealsIndustrial11,500 SF
Sold 08/20/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$252
Total Square Footage:11,500 SF
Transaction Type:Sale
The transaction involves an industrial asset located at 85 Oak Street in the Norwood market. The property was sold for $2,900,000 and encompasses a total area of 11,500 square feet, translating to a price per square foot of $252.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Sale Date: 08/20/2025
- Seller: Frank Cucchira
- Buyer's Representative: Crystal Burns - Sotheby's International Realty
- Seller's Representative: Sam Boyarsky - LB Commercial Realty
The deal was facilitated with Frank Cucchira as the seller and representatives from two well-known real estate agencies. Crystal Burns, representing the buyer, and Sam Boyarsky, representing the seller, played pivotal roles in the transaction, ensuring the terms were effectively negotiated between the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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