Updated Dec 4, 2024
North Jersey Friendship House Inc Acquires Office Asset On Kinderkamack Road For $3.4M
496 Kinderkamack Road
$3,400,000
$101/SF
Building Size
33,500 SF
Asset Type
Office
Closing
Sep 17, 2024
About this deal
AI
The property asset involved in the transaction is located at 496 Kinderkamack Road in Oradell and is classified as an office. The sale price of the property was $3,400,000, with a total square footage of 33,500, which equates to a price per square foot of $101.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,400,000
- Address: 496 Kinderkamack Road
- Market: Oradell
- Buyer: North Jersey Friendship House Inc
- Seller: Huntington Learning Center
- Brokers: Asaf Gahali & Alex Mouzakitis - Alexander Anderson Real Estate Group
The transaction was facilitated by brokers Asaf Gahali and Alex Mouzakitis representing the buyer, North Jersey Friendship House Inc, and the seller, Huntington Learning Center. Their involvement underscores the collaborative effort in securing this deal.
On the Map
$3,400,000
$101/SF
Office
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Players
Oradell 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93