Updated Oct 28, 2024
33 Read St LLC Acquires Commercial Property On George St In New Brunswick For $2.15M
365 George Street, New Brunswick, NJ, USA
$2,150,000
$226/SF
Building Size
9,500 SF
Asset Type
Commercial
Closing
Oct 1, 2021
About this deal
AI
The commercial property located at 365 George St in New Brunswick was recently sold. The transaction took place on October 1, 2021. The property, spanning 9,500 square feet, was sold for a total price of $2,150,000, resulting in a price per square foot of $226. The buyer of the property is 33 Read St LLC, while the sellers are Tahnina & Mohammed Chowdhury.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $2,150,000
- Address: 365 George St, New Brunswick
- Market: New Brunswick
- Square Footage: 9,500
- Buyer: 33 Read St LLC
- Seller: Tahnina & Mohammed Chowdhury
- Price per Square Foot: $226
This transaction involved the collaboration of different parties. 33 Read St LLC served as the buyer, while Tahnina & Mohammed Chowdhury acted as the sellers' representatives in the deal. The successful sale of the property showcases the demand and competitiveness within the commercial real estate market in New Brunswick.
Players
New Brunswick 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93