Alma Realty Sells Office Building At 4 Becker Farm Road In Roseland For $10.25M
4 Becker Farm Road
$10,245,000
$34/SF
Building Size
294,000 SF
Asset Type
Office
Closing
Feb 24, 2025
AI
The property involved in this transaction is an office asset located at 4 Becker Farm Road in the Roseland market. It was sold for $10,245,000, with a total square footage of 294,000, resulting in a price per square foot of $34.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,245,000
- Address: 4 Becker Farm Road
- Market: Roseland
- Seller: Alma Realty
- Broker: Julio Reyes - Reyes & El Samad Real Estate Group
- Square Footage: 294,000
- Price Per Square Foot: $34
This transaction was represented by broker Julio Reyes from Reyes & El Samad Real Estate Group, who acted on behalf of the seller Alma Realty during the deal process.
Players
Roseland 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93