Leon Farhi Acquires Warehouse From Chaim Streicher In New Brunswick For $13.45M
SOLD
$13,450,000
New Jersey
See Similar DealsWarehouse
Sold 09/17/2020
SOLD
Leon Farhi Acquires Warehouse From Chaim Streicher In New Brunswick For $13.45M
122 Quentin Ave
See Similar DealsWarehouse
Sold 09/17/2020
Summary
NEW JERSEY
Asset Type:Warehouse
Transaction Type:Sale
The asset involved in this transaction is a warehouse located at 122 Quentin Ave in New Brunswick. The property was sold for a total amount of $13,450,000.00.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $13,450,000.00
- Buyer: Leon Farhi
- Seller: Chaim Streicher
- Brokers: Zachary Fuchs, Kobi Zamir (GFI Realty Services)
- Sale Date: 09/17/2020
The deal was facilitated by Zachary Fuchs and Kobi Zamir, both of whom represent GFI Realty Services in this transaction. They played a crucial role in connecting the buyer, Leon Farhi, with the seller, Chaim Streicher, to complete the sale of the property.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$717,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,785.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,759.86
Annual Debt Service$765,118.34
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