Updated Dec 5, 2024
Alfred Sanzari Enterprises Leases 159997 Square Feet At 481 Corporate Dr Elmwood Park
481 Corporate Dr, Elmwood Park, NJ...
Building Size
159,997 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 481 Corporate Dr, Elmwood Park, NJ. It encompasses a total area of 159,997 square feet and is situated in the Elmwood Park market. The landlord for this lease is Alfred Sanzari Enterprises.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 481 Corporate Dr, Elmwood Park, NJ
- Market: Elmwood Park
- Landlord: Alfred Sanzari Enterprises
- Landlord's Representative: Jerry Barta - Alfred Sanzari Enterprises
- Square Feet: 159,997
Jerry Barta represents Alfred Sanzari Enterprises in this leasing transaction, facilitating the agreement between the landlord and the involved parties.
On the Map
Office
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Players
Elmwood 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93