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SMS Minebrook LLC Acquires Development Site In Bernardsville For $1.94M From 106 Minebrook Road 07964 LLC

Property Image
SOLD
$1,940,000

New Jersey

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Development Site
Sold 12/01/2024
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Property Image
SOLD

SMS Minebrook LLC Acquires Development Site In Bernardsville For $1.94M From 106 Minebrook Road 07964 LLC

106 Minebrook Road

See Similar Deals
Development Site
Sold 12/01/2024
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Lot Square Footage:23000 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 106 Minebrook Road in Bernardsville. The transaction took place on December 1, 2024, and was completed for a total price of $1,940,000.00.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,940,000.00
  • Address: 106 Minebrook Road
  • Market: Bernardsville
  • Buyer: SMS Minebrook LLC
  • Seller: 106 Minebrook Road 07964 LLC
  • Broker: Chris Vitiello - Grid Real Estate

This transaction was facilitated by Broker Chris Vitiello representing the buyer, SMS Minebrook LLC, in their acquisition from the seller, 106 Minebrook Road 07964 LLC. The collaboration between the involved parties showcases the roles played by professional representation in property transactions.

Players

Chris Vitiello
Grid Real Estate
Chris Vitiello
11 deals$12.3M volume(551) 204-1361
BROKER
SL
SMS Minebrook LLC
BUYER
1L
106 Minebrook Road 07964 LLC
SELLER

Details

SOLD
IMAGE: 12/01/2024 ADDRESS: 106 Minebrook Road MARKET: Bernardsville ASSET TYPE: Development Site BROKERS: Chris Vitiello(Grid Real Estate) BUYER: SMS Minebrook LLC SELLER: 106 Minebrook Road 07964 LLC PRICE: $1,940,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,466.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,892.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,196.59
Annual Debt Service$110,359.08