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25 Main Street, Hackensack,...

Newman, Simpson & Cohen LLP Leases Office Space At 25 Main St In Hackensack
LEASEDOffice

Newman, Simpson & Cohen LLP Leases Office Space At 25 Main St In Hackensack

25 Main Street, Hackensack, New Jersey 07601, United States

$18

$18/SF

Building Size

5,909 SF

Asset Type

Office

Closing

Mar 17, 2023

AI

An office space located at 25 Main St in Hackensack was recently leased in a transaction that closed on 03/17/2023. The property, consisting of approximately 5,909 square feet, was leased by Newman, Simpson & Cohen LLP. The lease was facilitated by their representative, Josh Folco of Alexander Anderson Real Estate Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 25 Main St
  • Market: Hackensack

The landlord for this property is Alfred Sanzari Enterprises, while the leasing and marketing efforts were handled by Stephen Jennings of Winne Banta Basralian & Kahn P.C. on behalf of the landlord. Daniel Simpson served as the tenant's representative.

Players

Alfred Sanzari Enterprises
Alfred Sanzari EnterprisesBrokerage

Alfred Sanzari

Alfred Sanzari Enterprises

Landlord

$12.2M

vol

19 deals

Landlord

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

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93