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
New Milford 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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93