Jon Cohen Brokers $1.5M Sale Of Car Dealership Development Site In Upper Saddle River
228 New Jersey Highway 17
$1,500,000
$200/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
May 16, 2024
AI
The Car Dealership Development Site located at 228 Route 17 in Upper Saddle River, with a total area of 7,500 square feet and spanning 1.74 acres, was sold for $1,500,000 at a price per square foot of $200.
Summary of transaction details:
- Property Type: Car Dealership Development Site
- Transaction Amount: $1,500,000
- Address: 228 Route 17
- Market: Upper Saddle River
- BROKER: Jon Cohen - Skyline Real Estate Partners
- SF: 7,500
- ACRES: 1.74
The transaction was facilitated by Jon Cohen from Skyline Real Estate Partners, representing the parties involved in the deal.
Saddle River Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93