HRW Equities Acquires Retail Property In Upper Saddle River, NJ For $850K
380 New Jersey 17, Saddle River, NJ, USA
$850,000
$336/SF
Building Size
2,530 SF
Asset Type
Retail
Closing
Nov 4, 2021
AI
The retail property located at 380 Route 17 North in Upper Saddle River, NJ has been sold. The transaction was completed on 11/04/2021, with HRW Equities represented by David Weinberger as the buyer and USR Land LLC represented by Andrew Friedman as the seller. The deal was facilitated by Lew Finkelstein, Cj Huter, Christopher Conway, and Pinchas Litchman from The Goldstein Group. The property was sold for $850,000, with an asking price of $900,000. The total square footage of the property is 2,530, resulting in a price per square foot of $336.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $850,000
- Date: 11/04/2021
- Address: 380 Route 17 North, Upper Saddle River, NJ
- Market: Upper Saddle River, NJ
- Buyer: HRW Equities - David Weinberger
- Seller: USR Land LLC - Andrew Friedman
- Brokers: Lew Finkelstein, Cj Huter, Christopher Conway, and Pinchas Litchman - The Goldstein Group
- Square Footage: 2,530
- Price Per Square Foot: $336
Christopher Conway captured an image of the property. This transaction showcases the involvement of key individuals and companies, such as David Weinberger representing HRW Equities and Andrew Friedman representing USR Land LLC. The brokerage services were provided by Lew Finkelstein, Cj Huter, Christopher Conway, and Pinchas Litchman from The Goldstein Group.
Players
Saddle River 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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93