Cushman & Wakefield Sells Retail Property In North Arlington, NJ For $13.5M
SOLD
$13,500,000
+ 3
New Jersey
See Similar DealsRetail37,603 SF
Sold 07/30/2021
SOLD
Cushman & Wakefield Sells Retail Property In North Arlington, NJ For $13.5M
1-29 Schuyler Avenue, North Arlington, NJ, USA
See Similar DealsRetail37,603 SF
Sold 07/30/2021
+ 3
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$359
Total Square Footage:37,603 SF
Transaction Type:Sale
The property involved in this transaction is located at 1-29 Schuyler Avenue in North Arlington, NJ. It is a retail asset with a total area of 37,603 square feet. The transaction took place on July 30, 2021.
Summary of transaction details
- Property Type: Retail
- Sale Price: $13,500,000
- Price Per Square Foot: $359
- Address: 1-29 Schuyler Avenue, North Arlington, NJ
- Market: North Arlington, NJ
The seller's representatives in this deal were Max Helfman, Brian Whitmer, Seth Pollack, Andy Merin, David Bernhaut, & Gary Gabriel from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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