11th Avenue Properties Inc. Acquires Retail Asset From Landmark Real Estate In Bergenfield For $4.45M
SOLD
$4,450,000
New Jersey
See Similar DealsRetail
Sold 05/01/2017
SOLD
11th Avenue Properties Inc. Acquires Retail Asset From Landmark Real Estate In Bergenfield For $4.45M
5 Washington Ave
See Similar DealsRetail
Sold 05/01/2017
Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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