Altman & Bussel LLC Sells Industrial Property In New Brunswick, NJ For $8.5M With Buyer's Rep Isaac Setton, Joseph Ash & Bunny Escava - Kassin Sabbagh Realty
SOLD
$8,500,000
+ 1
New Jersey
See Similar DealsMultiFamily69,500 SF
Sold 06/03/2020
SOLD
Altman & Bussel LLC Sells Industrial Property In New Brunswick, NJ For $8.5M With Buyer's Rep Isaac Setton, Joseph Ash & Bunny Escava - Kassin Sabbagh Realty
594 Jersey Avenue
See Similar DealsMultiFamily69,500 SF
Sold 06/03/2020
+ 1
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$122
Total Square Footage:69,500 SF
Transaction Type:Sale
The industrial property located at 594 Jersey Ave in New Brunswick, NJ has been sold. The transaction took place on 06/03/2021, with Altman & Bussel LLC as the seller. The property was represented by Leo Esses from Bussel Realty. The buyer's representatives were Isaac Setton from Kassin Sabbagh Realty, Joseph Ash from Kassin Sabbagh Realty, and Bunny Escava from Kassin Sabbagh Realty.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $8,500,000
- Square Footage: 69,500
- Price Per Square Foot: $122
- Address: 594 Jersey Ave, New Brunswick, NJ
- Market: New Brunswick, NJ
Isaac Setton, Joseph Ash, and Bunny Escava from Kassin Sabbagh Realty played a key role in representing the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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