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365 George Street, New Brun...

Updated Oct 28, 2024

33 Read St LLC Acquires Commercial Property On George St In New Brunswick For $2.15M
SOLDCommercial

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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Deal FAQ

About $226 per square foot on a published $2.2M for 9,500 square feet (2021).

Browse New Jersey commercial sales on Traded.

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

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