Jose Gomes Purchases Development Site On Broad Street In Newark For $1.2M With Brokers Yanni Marmarou Andrea Nestico And Tom Reynolds
SOLD
$1,200,000
New Jersey
See Similar DealsDevelopment Site
Sold 11/01/2024
SOLD
Jose Gomes Purchases Development Site On Broad Street In Newark For $1.2M With Brokers Yanni Marmarou Andrea Nestico And Tom Reynolds
1213-1221 Broad Street
See Similar DealsDevelopment Site
Sold 11/01/2024
Summary
NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 1213-1221 Broad Street in Newark. The sale price for this asset was $1,200,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Buyer: Jose Gomes
- Seller: Jacob Tauber
- Brokers: Yanni Marmarou, Andrea Nestico & Tom Reynolds - Investment Property Realty Group (IPRG)
The brokers involved in this transaction, Yanni Marmarou, Andrea Nestico, and Tom Reynolds, represented the buyer and seller, facilitating the development site sale in Newark.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
Is there something missing? Send suggestions