Reed Taylor Purchases Retail Asset From Ed Bergen For $4.6M In Fair Lawn
SOLD
$4,600,000
New Jersey
See Similar DealsRetail10,556 SF
Sold 02/13/2025
SOLD
Reed Taylor Purchases Retail Asset From Ed Bergen For $4.6M In Fair Lawn
16 17 River Road
See Similar DealsRetail10,556 SF
Sold 02/13/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$435
Total Square Footage:10,556 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 16-17 River Road, Fair Lawn. The sale occurred for a transaction amount of $4,600,000, featuring a total square footage of 10,556, resulting in a price per square foot of $435.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 16-17 River Road
- Market: Fair Lawn
- Square Footage: 10,556
- Price per Square Foot: $435
- Buyer: Reed Taylor
- Seller: Ed Bergen
- Brokers: Daniel Keenan & Joseph Spinella - KW Commercial
Joseph Spinella, serving as the Director of Commercial Real Estate at KW, can be contacted at 732-546-7501 for any commercial real estate assistance.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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