Yanky Tauber Acquires Office Property From Berger Organization In Newark For $6.45M
605 607 Broad St
$6,450,000
$73/SF
Building Size
88,386 SF
Asset Type
Office
Closing
Apr 30, 2018
AI
The property involved in this transaction is an office asset located at 605 607 Broad St, Newark. The transaction was completed for a total price of $6,450,000.00, encompassing a total area of 88,386 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,450,000.00
- Address: 605 607 Broad St
- Market: Newark
- Square Footage: 88,386
- Buyer: Yanky Tauber
- Seller: Berger Organization
The brokers who facilitated this transaction include Ohad Babo from Kassin Sabbagh Realty, Moshe Gelbstein from GFI Realty Services, and other representatives. Their roles were crucial in navigating the process of this real estate deal.
Players
Newark 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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93