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Pinnacle Group Of Hudson Valley Acquires Office Asset In Wayne For $7.9M

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SOLD
$7,900,000

New Jersey

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Office37,770 SF
Sold 06/01/2026
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Property Image
SOLD

Pinnacle Group Of Hudson Valley Acquires Office Asset In Wayne For $7.9M

601 Paterson-Hamburg Turnpike

See Similar Deals
Office37,770 SF
Sold 06/01/2026
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$209
Total Square Footage:37,770 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 601 Paterson-Hamburg Turnpike in Wayne. It comprises a total square footage of 37,770 and was sold for a total price of $7,900,000, resulting in a price per square foot of $209.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $7,900,000
  • Address: 601 Paterson-Hamburg Turnpike
  • Market: Wayne
  • Square Footage: 37,770
  • Price Per Square Foot: $209
  • Buyer: Pinnacle Group of Hudson Valley
  • Seller: March Associates
  • Seller's Representatives: Jeremy Neuer, Michael Kavaler, JB Bruno & Cody Johnson - JLL

The transaction was facilitated by the seller's representatives, Jeremy Neuer, Michael Kavaler, JB Bruno, and Cody Johnson, who are affiliated with JLL. This team played a crucial role in managing the sale between Pinnacle Group of Hudson Valley and March Associates.

Players

JB Bruno
21 deals$1.6B volume(908) 447-0021
BROKER

Jeremy Neuer
JLL
45 deals$1.9B volume
BROKER

Michael Kavaler
JLL
15 deals$817.4M volume(917) 923-4242
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Jeremy Neuer, Michael Kavaler, JB Bruno & Cody Johnson DATE: 06/01/2026 ADDRESS: 601 Paterson-Hamburg Turnpike MARKET: Wayne ASSET TYPE: Office BUYER: Pinnacle Group of Hudson Valley SELLER: March Associates SELLER'S REP: Jeremy Neuer (@JNeuer19), Michael Kavaler, JB Bruno & Cody Johnson - JLL (@JLL) SALE PRICE: $7,900,000 SF: 37,770 ~ PPSF: $209

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash-on-Cash Return-1.27%
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