facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Sale

/

5 Washington Ave

11th Avenue Properties Inc. Acquires Retail Asset From Landmark Real Estate In Bergenfield For $4.45M
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

Eli Shilian

GFI Realty Services

Broker

$87.3M

vol

6 deals

Broker
1I
11th Avenue Properties Inc.Buyer
LE
Landmark Real EstateSeller

Bergenfield 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

3.56%

Cash-on-Cash

-1.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93