Updated Aug 20, 2026
LEASEDOffice
Raffi Aynilian Leases Office Space At 100 Challenger Road For $40 Per Ft In Ridgefield Park
100 Challenger Road
$40
$40/SF
Building Size
6,500 SF
Asset Type
Office
Closing
Aug 14, 2026
About this deal
AI
The property involved in this transaction is located at 100 Challenger Road in Ridgefield Park. It is classified as an office asset with a total square footage of 6,500. The asking rent for this lease is set at $40 per square foot. The lease term agreed upon is five years and falls under a Modified Gross Lease type.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40/ft
- Square Footage: 6,500
- Address: 100 Challenger Road
- Market: Ridgefield Park
- Landlord: Raffi Aynilian
- Tenant's Representative: Josh Augenbaum & Chaim Zagelbaum - Augenbaum Realty
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
The deal features key individuals such as Raffi Aynilian representing the landlord and Josh Augenbaum along with Chaim Zagelbaum representing the tenant through Augenbaum Realty. These individuals played crucial roles in facilitating the lease agreement outlined in the transaction.
On the Map
$40
$40/SF
Office
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Players
Ridgefield Park Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93