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52 New Bridge Road

SOLDRetail

611 W 112 St Realty Corp Acquires Retail Property On 52 New Bridge Rd In Bergenfield For $5.9M

52 New Bridge Road

$5,940,000

$433/SF

Building Size

13,692 SF

Asset Type

Retail

Closing

Jul 27, 2022

AI

A retail property located at 52 New Bridge Rd in Bergenfield has been sold for a total of $5,940,000. The property spans 13,692 square feet, resulting in a price per square foot of $434. The transaction took place on July 27, 2022, and the property was sold by MACS LLC to the buyer, 611 W 112 St Realty Corp. The sale represents a 5% capitalization rate.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,940,000
  • Property Address: 52 New Bridge Rd
  • Market: Bergenfield

Horvath & Tremblay represented the buyer, 611 W 112 St Realty Corp, in the transaction. The brokerage team involved in the deal consisted of Rob DiFranco and Mike Lombardi, who facilitated the successful sale of the property.

Players

6C
611 W 112 St Realty CorpBuyer
ML
MACS LLCSeller

New Milford 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

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93