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21 Main Street

Sutnick & Sutnick LLC Expands Lease To 2,649 SF At Court Plaza South In Hackensack
LEASEDOffice

Sutnick & Sutnick LLC Expands Lease To 2,649 SF At Court Plaza South In Hackensack

21 Main Street

Building Size

2,649 SF

Asset Type

Office

Closing

Apr 23, 2025

AI

The property asset involved in the transaction is an office space located at 21 Main Street in Hackensack. The asset has a total square footage of 2,649 SF and is part of the Court Plaza South complex owned by Alfred Sanzari Enterprises. The company has been a tenant in this location since 2013.

Summary of transaction details:

NAI James E. Hanson represented the landlord, Alfred Sanzari Enterprises, in this lease renewal and expansion transaction. The complex offers proximity to the courthouse and includes full amenities, making it a beneficial location for Sutnick & Sutnick LLC.

Players

Andrew Somple

NAI James E. Hanson

Broker

$60.3M

vol

12 deals

Broker
Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesLandlord

Hackensack 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93