Updated Oct 29, 2024
Bergman Real Estate Group Acquires Office Building In Rochelle Park For $7.2M
201 West Passaic Street, Rochelle Park, NJ 07662
$7,200,000
$110/SF
Building Size
65,000 SF
Asset Type
Office
Closing
Nov 22, 2020
About this deal
AI
The office building located at 201 W. Passaic Street in Rochelle Park has been sold for $7,200,000. The property spans 65,000 square feet, resulting in a price per square foot of $111. The transaction took place on November 23, 2020. The buyer of the property is Bergman Real Estate Group, while the seller is Sherbrooke Holding Co. LLC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,200,000
- Square Footage: 65,000
- Price per Square Foot: $111
- Date: November 23, 2020
- Address: 201 W. Passaic Street
- Market: Rochelle Park
The deal was facilitated by John Johnson of Wellington Co. LLC, who represented the buyer, Bergman Real Estate Group, in this transaction.
Rochelle Park 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93