SOLDRetail
11th Avenue Properties Inc. Acquires Retail Asset From Landmark Real Estate In Bergenfield For $4.45M
5 Washington Ave
$4,450,000
Building Size
—
Asset Type
Retail
Closing
May 1, 2017
AI
The transaction involved a retail property located at 5 Washington Ave in Bergenfield. The sale price for the asset was $4,450,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,450,000.00
- Buyer: 11th Avenue Properties Inc.
- Seller: Landmark Real Estate
- Date of Sale: 05/01/2017
- Brokers: Yisroel Pershin, Eli Shilian
This deal was facilitated by brokers Yisroel Pershin and Eli Shilian, representing the buyer and seller, respectively. Their roles were crucial in the successful execution of the transaction.
Players
Bergenfield 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93