Updated Apr 3, 2025
Sweta Goel Purchases Office Suite From Fern Lehrman In Fair Lawn For $240,000
15 01 Broadway
$240,000
$239/SF
Building Size
1,004 SF
Asset Type
Office
Closing
Mar 6, 2025
About this deal
AI
This office asset, located at 15-01 Broadway in Fair Lawn, was sold for $240,000. The property encompasses 1,004 square feet, translating to a price per square foot of $239. It is situated within a medical/office complex and features amenities such as a waiting room, reception office, and four private offices, two of which include sinks. Additional facilities include storage closets and a private bathroom, with two elevators and ample parking available in two lots.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $240,000
- Address: 15-01 Broadway
- Market: Fair Lawn
- Square Footage: 1,004
- Price per Square Foot: $239
- Buyer: Sweta Goel
- Seller: Fern Lehrman
- Brokers: Andrew Botticelli & Lisa Rosen - Rosen Team - Compass
The transaction was facilitated by brokers Andrew Botticelli and Lisa Rosen from the Rosen Team at Compass, representing both the buyer and the seller in the deal. The property is well-positioned within a medical and office complex, in proximity to various healthcare practices and conveniently located near major hospitals. It benefits from good transportation access with a bus stop at the doorstep and Broadway train station just two blocks away.
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
66.10%
Cash-on-Cash
-18.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93