Updated Dec 19, 2023
NextHome Force Premier Realty Sells Special Purpose Property In Brick Township For $1,075,000
86 Cedar Island Drive, Brick, New Jersey 08723, United States
$1,075,000
$407/SF
Building Size
2,639 SF
Asset Type
—
Closing
Jun 16, 2022
About this deal
AI
The special purpose property located at 86 Cedar Island Dr in Brick Township has been sold for $1,075,000. The transaction took place on 06/17/2022. The property spans 2,639 square feet, resulting in a price per square foot of $407.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $1,075,000
- Date: 06/17/2022
- Address: 86 Cedar Island Dr
- Market: Brick Township
The sale of this special purpose property was facilitated by Katie Parrinello from NextHome Force Premier Realty.
The commercial sale at 86 Cedar Island Drive, Brick, New Jersey 08723, United States in Brick, New Jersey sold for $1.1M in 2022. The building is 2,639 square feet, implying about 407 per square foot on the published price. Katie Parrinello, NextHome appear on the sale alongside NextHome. This page is the Brick, New Jersey file for the 86 Cedar Island Drive, Brick, New Jersey 08723, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Brick sit in the Market section below. Filter that Brick commercial set by closing date to see what else sold near 86 Cedar Island Drive, Brick, New Jersey 08723, United States around 2022. Published consideration for 86 Cedar Island Drive, Brick, New Jersey 08723, United States is $1.1M, dated 2022. Cite this NextHome Force Premier Realty Sells Special Purpose Property In Brick Township For $1,075,000 sale when underwriting similar commercial product around Brick, New Jersey.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93