Updated Oct 28, 2024
231st Cgs LLC Acquires Commercial Property For $2.825M In Avenel
1330 St Georges Ave, Avenel, NJ, USA
$2,825,000
$830/SF
Building Size
3,400 SF
Asset Type
Commercial
Closing
Oct 25, 2021
About this deal
AI
The commercial property located at 1330 St Georges Ave in Avenel has been sold for a total price of $2,825,000. The sale took place on October 26, 2021, and involved the buyer, 231st Cgs LLC, and the seller, Brian Wasilenko, Tourso P. Thomas, and Jordan Liebowitz.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,825,000
- Address: 1330 St Georges Ave
- Market: Avenel
231st Cgs LLC acted as the buyer in this transaction, while Brian Wasilenko, Tourso P. Thomas, and Jordan Liebowitz represented the sellers. The sale of the property marks an important milestone in the Avenel market, showcasing the ongoing activity and potential for growth in the commercial sector. The transaction provides valuable insight into the overall market conditions and investor sentiment, highlighting the continued demand for commercial properties in the area.
Players
Avenel 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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93