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380 New Jersey 17, Saddle R...

HRW Equities Acquires Retail Property In Upper Saddle River, NJ For $850K
SOLDRetail

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

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker

David Weinberger

Buyer

$10.5M

vol

3 deals

Buyer

Andrew Friedman

Seller

$4.3M

vol

2 deals

Seller

Saddle River Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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