Marcus & Millichap Sells Fair Lawn, NJ Office Building For $4.75M
13-14 River Road, Fair Lawn, NJ, USA
$4,750,000
$1,126/SF
Building Size
4,216 SF
Asset Type
Office
Closing
Aug 18, 2021
AI
The office property located at 13-14 River Road in Fair Lawn, NJ has recently been sold for a total price of $4,750,000. The property spans 4,216 square feet, resulting in a price per square foot of $1,127. This transaction took place on August 18, 2021 and involved the following individuals from Marcus & Millichap: Alan Cafiero, Ben Sgambati, David Cafiero, and John Moroz.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,750,000
- Square Footage: 4,216
- Price per Square Foot: $1,127
- Date: 08/18/2021
- Address: 13-14 River Road, Fair Lawn, NJ
- Brokers: Alan Cafiero, Ben Sgambati, David Cafiero, and John Moroz - Marcus & Millichap
The sale of this office property in Fair Lawn, NJ was facilitated by the team at Marcus & Millichap, consisting of Alan Cafiero, Ben Sgambati, David Cafiero, and John Moroz. Their expertise and representation were instrumental in closing this transaction.
Players
Fair Lawn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93