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255 New Jersey Highway 3

Dr. Cesare Gaspari Of FAMA Realty Leases Office To Dello Russo Laser Vision In Secaucus
LEASEDOffice

Dr. Cesare Gaspari Of FAMA Realty Leases Office To Dello Russo Laser Vision In Secaucus

255 New Jersey Highway 3

$32

$32/SF

Building Size

1,912 SF

Asset Type

Office

Closing

Feb 7, 2025

AI

The property involved in this transaction is an office asset located at 255 New Jersey Highway 3 in the Secaucus market. The asking rent for this property is set at $32 per square foot, with a total square footage of 1,912. The lease type is classified as a Single Net Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32/ft
  • Address: 255 New Jersey Highway 3
  • Market: Secaucus
  • Lease Type: Single Net Lease
  • Landlord: Dr. Cesare Gaspari - FAMA Realty
  • Tenant: Dello Russo Laser Vision
  • Brokers: Elizabeth Daoud - Hudson Digs Realty
  • Brokers: Christopher Conway - Atlantic Coastal Real Estate

The deal was facilitated by key individuals in the brokerage community, specifically Elizabeth Daoud representing Hudson Digs Realty and Christopher Conway representing Atlantic Coastal Real Estate. Their involvement played a crucial role in the successful execution of this lease transaction.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker

Secaucus 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

495718.75%

Cash-on-Cash

-141677.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93