Updated Oct 28, 2024
Pershing Properties Inc. Sells Office Building In Cresskill, NJ For $2.46M
210 Knickerbocker Rd, Cresskill, New Jersey 07626, United States
$2,460,000
$205/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Dec 20, 2021
About this deal
AI
Located at 210-220 Knickerbocker Rd in Cresskill, NJ, this office property was recently sold on December 20, 2021. The transaction was facilitated by Kristian Cichon of Deugen Realty Group, representing Pershing Properties Inc. The property offers a total of 12,000 square feet of space.
Summary of transaction details:
- Property Type: Office
- Sale Price: $2,460,000
- Asking Price: $2,500,000
- Price per Square Foot: $205
- Market: Cresskill, NJ
This sale transaction showcases the successful collaboration between Pershing Properties Inc. as the seller and Kristian Cichon of Deugen Realty Group as the broker representing both parties. The property presents a valuable investment opportunity with its 12,000 square feet of office space.
Players
Cresskill 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
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93