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

Property Image
SOLD
$850,000
CJ Huter
Christopher (Chris) Conway
+ 3

New Jersey

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Retail2,530 SF
Sold 11/04/2021
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Property Image
SOLD

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

380 New Jersey 17, Saddle River, NJ, USA

See Similar Deals
Retail2,530 SF
Sold 11/04/2021
CJ Huter
Christopher (Chris) Conway
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$336
Total Square Footage:2,530 SF
Transaction Type:Sale

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 (Chris) Conway
40 deals$12.1M volume
BROKER

CJ Huter
VanRockCRE
25 deals$119.7M volume(201) 888-8129
BROKER

Lew Finkelstein
31 deals$125.9M volume(201) 704-2743
BROKER

Pinchas Litchman
1 deal$850K volume
BROKER


2 deals$4.3M volume
SELLER

Details

SOLD
IMAGE: Christopher Conway DATE: 11/04/2021 ADDRESS: 380 Route 17 North MARKET: Upper Saddle River, NJ ASSET TYPE: Retail BUYER: HRW Equities - David Weinberger SELLER: USR Land LLC - Andrew Friedman BROKERS: Lew Finkelstein, Cj Huter, Christopher Conway (@Retail_Cre) & Pinchas Litchman - The Goldstein Group ASKING PRICE: $900,000 SALE PRICE: $850,000 SF: 2,530 ~ PPSF: $336

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
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