Procida Funding Sells Hackensack Office Property To Undisclosed Buyer For $3.7M
SOLD
$3,700,000
New Jersey
See Similar DealsOffice15,000 SF
Sold 04/27/2023
SOLD
Procida Funding Sells Hackensack Office Property To Undisclosed Buyer For $3.7M
146 Route 17, Hackensack, NJ 07601
See Similar DealsOffice15,000 SF
Sold 04/27/2023
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$246
Total Square Footage:15,000 SF
Transaction Type:Sale
An office property located at 146 New Jersey Highway 17 in Hackensack has been sold in a recent transaction. The property spans 15,000 square feet and was sold for a total price of $3,700,000, resulting in a price per square foot of $247.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,700,000
- Address: 146 New Jersey Highway 17, Hackensack
- Market: Hackensack
- Seller: Procida Funding - Kevin Carton & Derek Weissman
- Seller's Representative: Brendan McBride & Nicolas DeCotiis - JLL
- Square Feet: 15,000
- Price per Square Foot: $247
The sale of this office property was facilitated by Brendan McBride and Nicolas DeCotiis from JLL on behalf of the sellers, Kevin Carton and Derek Weissman of Procida Funding.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
Is there something missing? Send suggestions