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
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