Yanky Tauber Acquires Office Property From Berger Organization In Newark For $6.45M
SOLD
$6,450,000
New Jersey
See Similar DealsOffice88,386 SF
Sold 04/30/2018
SOLD
Yanky Tauber Acquires Office Property From Berger Organization In Newark For $6.45M
605 607 Broad St
See Similar DealsOffice88,386 SF
Sold 04/30/2018
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$73
Total Square Footage:88,386 SF
Transaction Type:Sale
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
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49
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