Updated Dec 21, 2023
Re/Max Properties Acquires Land In Wallington Boro, NJ For $1.6M
99 Midland Avenue, Wallington, NJ 07057, USA
$1,600,000
$36/SF
Building Size
43,560 SF
Asset Type
—
Closing
Aug 19, 2021
About this deal
AI
The transaction involved the sale of a land property located at 99 Midland Ave, Wallington Boro, NJ. The sale took place on August 19, 2021. The property was represented by Robert Bornstein from 1-2-3 Realtors, while Natalia Migliore from Re/Max Properties represented the buyer. The sale price for this land property was $1,600,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,600,000
- Address: 99 Midland Ave, Wallington Boro, NJ
- Market: Wallington Boro, NJ
- Seller's Rep: Robert Bornstein - 1-2-3 Realtors
- Buyer's Rep: Natalia Migliore - Re/Max Properties
Robert Bornstein and Natalia Migliore played significant roles in the deal as the seller's representative and the buyer's representative, respectively. They ensured a successful transaction between the parties involved in the sale of the land property at 99 Midland Ave.
Wallington CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93