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2151 Lemoine Ave Fort Lee, ...

Bon Epi Leases Multifamily Space At 2151 Lemoine Avenue In Fort Lee, NJ
LEASEDMultiFamily

Bon Epi Leases Multifamily Space At 2151 Lemoine Avenue In Fort Lee, NJ

2151 Lemoine Ave Fort Lee, NJ 07024, USA

$80

$80/SF

Building Size

1,641 SF

Asset Type

MultiFamily

Closing

Mar 22, 2023

AI

The multifamily property located at 2151 Lemoine Avenue in Fort Lee, NJ, has been leased. The landlord in this transaction is Ashkenazy Acquisition, while the tenant is Bon Epi. The deal was facilitated by Bruce Herman from Booth Street. The lease was signed on 03/22/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Rent: $80/ft
  • Square Footage: 1,641
  • Address: 2151 Lemoine Avenue, Fort Lee, NJ

Notable parties involved in this lease deal were Bruce Herman from Booth Street, who represented the tenant Bon Epi, and Ashkenazy Acquisition, the landlord. The lease agreement was finalized on 03/22/2023.

Players

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
Ashkenazy Acquisition
Ashkenazy AcquisitionLandlord

New Jersey MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93