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1330 St Georges Ave, Avenel...

Updated Oct 28, 2024

231st Cgs LLC Acquires Commercial Property For $2.825M In Avenel
SOLDCommercial

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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Deal FAQ

About $830 per square foot on a published $2.8M for 3,400 square feet (2021).

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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

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