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152 Boulevard

Ashish Parikh Of PN Restaurants Purchases Retail Property From Bank Of America For $1.3M
SOLDRetail

Ashish Parikh Of PN Restaurants Purchases Retail Property From Bank Of America For $1.3M

152 Boulevard

$1,300,000

$241/SF

Building Size

5,385 SF

Asset Type

Retail

Closing

Dec 10, 2025

AI

The property asset involved in this transaction is a retail space located at 152 Boulevard in Hasbrouck Heights. The sale price for this asset was $1,300,000, with a total square footage of 5,385 and a price per square foot of $241.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,300,000
  • Address: 152 Boulevard
  • Market: Hasbrouck Heights
  • Square Footage: 5,385
  • Price Per Square Foot: $241
  • Buyer: Ashish Parikh - PN Restaurants
  • Seller: Bank of America
  • Buyer's Representative: William Farkas & Jacob Bijou - Catalyst Real Estate Partners

The key individuals involved in the deal include Ashish Parikh, representing PN Restaurants as the buyer, and the seller was Bank of America. The transaction was facilitated by the brokerage team of William Farkas and Jacob Bijou, who represented the buyer through Catalyst Real Estate Partners.

Players

William Farkas

Catalyst Real Estate Partners

Broker

$42.9M

vol

8 deals

Broker
Catalyst Real Estate Partners
Catalyst Real Estate PartnersBrokerage

Ashish Parikh

Buyer

$111.3M

vol

3 deals

Buyer

Hasbrouck Heights 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93