NAI James E. Hanson Brokers Sell Chester, NJ Retail Property For $2.25M
SOLD
$2,250,000
National
See Similar DealsRetail11,900 SF
Sold 02/28/2023
SOLD
NAI James E. Hanson Brokers Sell Chester, NJ Retail Property For $2.25M
24 Perry Street & 15 Seminary Ave
See Similar DealsRetail11,900 SF
Sold 02/28/2023
Summary
Asset Type:Retail
Price Per Square Foot:$189
Total Square Footage:11,900 SF
Transaction Type:Sale
The retail property located at 24 Perry Street & 15 Seminary Ave in Chester, NJ has been sold for $2,250,000. The property spans 11,900 square feet, resulting in a price per square foot of $189.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,250,000
- Address: 24 Perry Street & 15 Seminary Ave, Chester, NJ
- Market: Chester, NJ
- SF: 11,900
- PPSF: $189
The sale of this retail property was facilitated by Jonathan Kristofich and John Schilp of NAI James E. Hanson.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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