Brian Milberg Acquires Industrial Property In Newark, NJ For $25M
979 Delancey Street, Newark, New Jersey 07105, United States
$25,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 24, 2022
AI
The industrial property located at 921-979 Delancy St in Newark, NJ has been sold for a price of $25,000,000. The transaction took place on February 25, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Buyer: Brian Milberg
- Seller: Timothy B. Goodell
- Address: 921-979 Delancy St, Newark, NJ
- Market: Newark, NJ
The buyer of this industrial property is Brian Milberg, while Timothy B. Goodell is the seller. The deal was concluded for a total amount of $25,000,000 on February 25, 2022.
Players
Newark Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93