Glenn Langberg Sells Retail Space At 976 Bergen Street In Newark For $1.35M
976 Bergen Street
$1,350,000
$133/SF
Building Size
10,105 SF
Asset Type
Retail
Closing
Mar 26, 2025
AI
The property asset involved in this transaction is a retail space located at 976 Bergen Street, Newark, NJ. It was sold for a total price of $1,350,000, and the total square footage of the property is 10,105, resulting in a price per square foot of $133.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,350,000
- Address: 976 Bergen Street
- Market: Newark, NJ
- Square Footage: 10,105
- Price per Square Foot: $133
- Seller: Glenn Langberg
- Brokers: Greg Corbin & Chaya Milworn - Northgate Real Estate Group
The transaction involved brokers Greg Corbin and Chaya Milworn, who represented the seller, Glenn Langberg, facilitating the sale of the retail property. Their agency, Northgate Real Estate Group, was integral to the completion of this deal.
Players
Newark 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93