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585 Harmon Meadow Boulevard

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

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

585 Harmon Meadow Boulevard

$21,428,414

$518/SF

Building Size

41,322 SF

Asset Type

Retail

Closing

Dec 27, 2024

AI

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

Surmount

Broker

$768.6M

vol

106 deals

Broker

Secaucus 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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93