Updated Oct 29, 2024
Procida Funding Sells Hackensack Office Property To Undisclosed Buyer For $3.7M
146 Route 17, Hackensack, NJ 07601
$3,700,000
$246/SF
Building Size
15,000 SF
Asset Type
Office
Closing
Apr 27, 2023
About this deal
AI
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.
On the Map
$3,700,000
$246/SF
Office
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Players
New Jersey 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93