Reed Taylor Purchases Retail Asset From Ed Bergen For $4.6M In Fair Lawn
16 17 River Road
$4,600,000
$435/SF
Building Size
10,556 SF
Asset Type
Retail
Closing
Feb 13, 2025
AI
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.
Players
Fair Lawn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93