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13-14 River Road, Fair Lawn...

Marcus & Millichap Sells Fair Lawn, NJ Office Building For $4.75M
SOLDOffice

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

Ben Sgambati

Marcus & Millichap

Broker

$121.9M

vol

19 deals

Broker

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