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
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