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:
- Property Type: Office
- Transaction Amount: Renewal and expansion of lease
- Address: 21 Main Street
- Market: Hackensack
- Landlord: David Sanzari & Chris DeLorenzo - Alfred Sanzari Enterprises
- Tenant: Laura C. Sutnick - Sutnick & Sutnick LLC
- Brokers: Andrew Somple, Jessica Curry & Jonathan Kristofich - NAI James E. Hanson
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
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