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
$8,500,000
$122/SF
Building Size
69,500 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93