Usher Brymaz Purchases Industrial Property From Coveni Niveco For $1.4M In Elizabeth
SOLD
$1,400,000
New Jersey
See Similar DealsIndustrial10,735 SF
Sold 09/19/2025
SOLD
Usher Brymaz Purchases Industrial Property From Coveni Niveco For $1.4M In Elizabeth
827 833 Bond Street
See Similar DealsIndustrial10,735 SF
Sold 09/19/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$130
Total Square Footage:10,735 SF
Transaction Type:Sale
This industrial property, located at 827-833 Bond Street in Elizabeth, has been sold for $1,400,000. The asset encompasses a total area of 10,735 square feet, resulting in a price per square foot of $130.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Address: 827-833 Bond Street
- Market: Elizabeth
- Square Footage: 10,735
- Price per Square Foot: $130
- Buyer: Usher Brymaz
- Seller: Coveni Niveco
- Broker Representatives: Yanni Marmarou & Jack Drillock - Investment Property Realty Group
The transaction was facilitated by brokers Yanni Marmarou and Jack Drillock, who represent Investment Property Realty Group in this deal, aligning the buyer, Usher Brymaz, with the seller, Coveni Niveco.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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