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Rochelle Park Property Sold For $17.8 Million With Seller's Reps Andrew Merin Frank Costa III Gary Gabriel

Property Image
SOLD
$17,800,000
Gary Gabriel
Frank DiTommaso
+ 2

New Jersey

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Office105,000 SF
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Property Image
SOLD

Rochelle Park Property Sold For $17.8 Million With Seller's Reps Andrew Merin Frank Costa III Gary Gabriel

218 Nj-17, Rochelle Park, NJ, 07662

See Similar Deals
Office105,000 SF
Gary Gabriel
Frank DiTommaso
+ 2
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$169
Total Square Footage:105,000 SF
Transaction Type:Sale

The property involved in this transaction is an office building located at 218 Nj-17, Rochelle Park, NJ, 07662. The asset spans 105,000 square feet and was sold for $17,800,000. It is a five-story building that accommodates various tenants, including the Bergen County Board of Social Services and St. Joseph’s University Medical Center.

Summary of transaction details:

The transaction was facilitated by Cushman & Wakefield, with five representatives working on behalf of the seller, GHP Office Realty LLC. The buyer's identity remains undisclosed, highlighting the private nature of this transaction.

Players

Andrew (Andy) Merin
35 deals$3.1B volume(310) 387-7087
BROKER

David Bernhaut
Cushman & Wakefield
48 deals$4.2B volume
BROKER

Gary Gabriel
Cushman & Wakefield
56 deals$4.5B volume
BROKER

Frank DiTommaso
Cushman & Wakefield
22 deals$1.7B volume
BROKER

Seth Zuidema
Cushman & Wakefield
14 deals$906.9M volume
BROKER

Viewpoint Advisors
BROKERAGE

Details

SOLD
IMAGE: 218 Nj-17, Rochelle Park, NJ, 07662 MARKET: Rochelle Park SELLER'S REP: Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso & Seth Zuidema - Cushman & Wakefield BUYER: Undisclosed PRICE: $17,800,000.00 SF: 105000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$949,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,239.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,381.08
Annual Debt Service$1,012,572.97