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605 607 Broad St

Yanky Tauber Acquires Office Property From Berger Organization In Newark For $6.45M
SOLDOffice

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

Ohad Babo

Kassin Sabbagh Realty

Broker

$198.7M

vol

22 deals

Broker

Yanky Tauber

Buyer
Buyer
BO
Berger OrganizationSeller

Newark Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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