Updated Dec 21, 2023
HKS Real Estate Advisors Refinances Office In Kearny, New Jersey For $13M
206 Bergen Avenue, Kearny, New Jersey 07032, United States
$13,000,000
$110/SF
Building Size
117,850 SF
Asset Type
Office
Closing
Dec 13, 2021
About this deal
AI
Located at 206 Bergen Ave in Kearny, New Jersey, this office property spans across 117,850 square feet.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $13,000,000
- Market: Kearny, New Jersey
- Asset Type: Office
- SF: 117,850
The landlords involved in this transaction are Matthew Axelrod and Jeff Title.
Representing the deal was Michael Lee from HKS Real Estate Advisors.
This refinance deal involved a loan amount of $13,000,000.
The office loan at 206 Bergen Avenue, Kearny, New Jersey 07032, United States in Kearny, New Jersey financed for $13M in 2021. The building is 117,850 square feet, implying about 110 per square foot on the published price. Michael Lee, HKS Real Estate Advisors appear on the loan alongside HKS Real Estate Advisors. This page is the Kearny, New Jersey file for the 206 Bergen Avenue, Kearny, New Jersey 07032, United States office financed: pricing, party profiles, and other closed office comps from the same Kearny sit in the Market section below. Filter that Kearny office set by closing date to see what else financed near 206 Bergen Avenue, Kearny, New Jersey 07032, United States around 2021. Published consideration for 206 Bergen Avenue, Kearny, New Jersey 07032, United States is $13M, dated 2021. Cite this HKS Real Estate Advisors Refinances Office In Kearny, New Jersey For $13M loan when underwriting similar office product around Kearny, New Jersey.
Kearny Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Lee to view all their deals.
Browse New Jersey office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93