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15 01 Broadway

Updated Apr 3, 2025

Sweta Goel Purchases Office Suite From Fern Lehrman In Fair Lawn For $240,000
SOLDOffice

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

Andrew Botticelli

Compass

Broker

$240K

vol

1 deal

Broker

Fair Lawn Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $239 per square foot on a published $240K for 1,004 square feet (2025).

Visit Compass to view all their deals.

Browse Fair Lawn office sales on Traded.

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

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