Updated Oct 29, 2024
Tryko Partners Acquires Montvale Office Building For $5.5M
100 Summit Avenue, Montvale, NJ, USA
$5,500,000
$43/SF
Building Size
127,000 SF
Asset Type
Office
Closing
Jan 21, 2021
About this deal
AI
Tryko Partners has acquired an office property located at 100 Summit Avenue, Montvale. The transaction took place on January 22, 2021, with the property being sold for $5,500,000. The asset spans across 127,000 square feet, resulting in a price per square foot of $43.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,500,000
- Address: 100 Summit Avenue, Montvale
- Market: Montvale
The deal was facilitated by the brokers Gregg Najarian, Slava Vaynberg, Nate Brzozowski, and Brendan Fisher from Savills.
Players
Montvale Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Slava Vaynberg to view all their deals.
Browse New Jersey office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93