Updated Dec 21, 2023
Joshua Weingarton Acquires Office Building In Fairfield, NJ For $1.7M
50 Fairfield Road, Fairfield, New Jersey 07004, United States
$1,700,000
$150/SF
Building Size
11,301 SF
Asset Type
Office
Closing
Mar 9, 2022
About this deal
AI
An office building located at 50 Fairfield Rd in Fairfield, NJ has been sold for a price of $1,700,000. The property spans 11,301 square feet, resulting in a price per square foot of $150.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $1,700,000
- Address: 50 Fairfield Rd
- Market: Fairfield, NJ
- Buyer: Joshua Weingarton
- Seller: Michael Bello
- Square Footage: 11,301
- Price Per Square Foot: $150
Joshua Weingarton has successfully acquired the office building located at 50 Fairfield Rd in Fairfield, NJ from the seller, Michael Bello.
Players
Fairfield 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93