Updated Sep 5, 2024
Woodcliff Lakes, NJ Office - Progress Capital Refinances Loan For $9.56M
123 Tice Blvd Woodcliff Lake, NJ 07677, USA
$9,555,000
$78/SF
Building Size
121,222 SF
Asset Type
Office
Closing
Jun 23, 2023
About this deal
AI
In a recent transaction, a property located at 123 Tice Blvd in Woodcliff Lakes, NJ changed hands. The property is an office building with a total of 121,222 square feet. The transaction took place on 06/23/2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,555,000
- Market: Woodcliff Lakes, NJ
- Broker: Brian Anderson - Progress Capital
- Loan Type: Refinance
Brian Anderson from Progress Capital represented the parties involved in the transaction as the broker. The loan amount for the property's refinance was $9,555,000.
New Jersey Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93