Efrem Gerzberg Acquires Commercial Property In Old Bridge, NJ For $6.5M
1 Fairway Lane, Old Bridge, New Jersey 08857, United States
$6,500,000
$54,166/SF
Building Size
120 SF
Asset Type
Commercial
Closing
Jul 21, 2022
AI
The commercial property located at 1 Fairway Ln in Old Bridge, NJ has been sold in a closed transaction. The property was purchased by Efrem Gerzberg for a total price of $6,500,000. The total square footage of the property is not available.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $6,500,000
- Address: 1 Fairway Ln, Old Bridge, NJ
- Market: Old Bridge, NJ
Efrem Gerzberg was the buyer in this transaction. The seller of the property was John J Brunetti Jr. No additional details regarding the individuals or parties involved in the deal were provided.
Players
Old Bridge Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93