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Agnaldo De Castro And Henry Eisenstein Represent Buyer In $21.43M Retail Sale In Secaucus NJ

Property Image
SOLD
$21,428,414
Judson Kauffman
Henry Eisenstein
+ 1

New Jersey

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Retail41,322 SF
Sold 12/27/2024
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Property Image
SOLD

Agnaldo De Castro And Henry Eisenstein Represent Buyer In $21.43M Retail Sale In Secaucus NJ

585 Harmon Meadow Boulevard

See Similar Deals
Retail41,322 SF
Sold 12/27/2024
Judson Kauffman
Henry Eisenstein
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$518
Total Square Footage:41,322 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 585 Harmon Meadow Boulevard in Secaucus, NJ. The sale price for this property was $21,428,414, and it encompasses a total area of 41,322 square feet, equating to a price per square foot of $518.

Summary of transaction details:

This transaction involved key representatives in the real estate sector. Agnaldo de Castro and Henry Eisenstein acted on behalf of the buyer, while the seller was represented by Judson Kauffman and Glen Kunofsky. Their expertise facilitated the successful closure of this significant retail property deal.

Players

Glen Kunofsky
106 deals$768.6M volume
BROKER

Judson Kauffman
Surmount
3 deals$32.6M volume
BROKER

Henry Eisenstein
EXP Realty
18 deals$64M volume(908) 216-6532
BROKER

Agnaldo de Castro
EXP Realty
1 deal$21.4M volume
BROKER

Details

SOLD
IMAGE: Judson Kauffman, Glen Kunofsky, Henry Eisenstein & Agnaldo de Castro DATE: 12/27/2024 ADDRESS: 585 Harmon Meadow Boulevard MARKET: Secaucus, NJ ASSET TYPE: Retail BUYER'S REP: Agnaldo de Castro (@Agnaldo.De.Castro) - eXp Commercial (@Exp.Commercial); Henry Eisenstein (@HenryEisenstein) - EXP Realty (@ExpRealty_) SELLER'S REP: Judson Kauffman & Glen Kunofsky - NNN Pro (@OfficialNNNPro) SALE PRICE: $21,428,414 SF: 41,322 ~ PPSF: $518

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,142,848.73

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,130.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,581.61
Annual Debt Service$1,218,979.38