Cornerstone Capital Investment Hackensack LLC Acquires Retail Property On Main Street In Hackensack, NJ For $3M
720-724 Main Street, Hackensack, NJ, USA
$3,000,000
$200/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Oct 28, 2021
AI
Cornerstone Capital Investment Hackensack LLC has purchased a retail property located at 720-724 Main Street in Hackensack, NJ. The property spans 15,000 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $200. The transaction took place on October 28, 2021, and the seller was SIBS LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 720-724 Main Street, Hackensack, NJ
- Market: Hackensack, NJ
- Buyer: Cornerstone Capital Investment Hackensack LLC
- Seller: SIBS LLC
- Brokers: Marc Palestina & Chuck Lanyard - The Goldstein Group
- Square Footage: 15,000
- Price per Square Foot: $200
Marc Palestina from The Goldstein Group represented the buyer, Cornerstone Capital Investment Hackensack LLC, in the transaction. For more information, you can reach out to Marc Palestina at [email protected].
Players
Hackensack 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93