Updated Oct 28, 2024
DeSapio Properties Acquires 4-Acre Development Site In Bridgewater For $1.45M
229 Adamsville Rd, Bridgewater, NJ 08807
$1,450,000
$111/SF
Building Size
13,000 SF
Asset Type
Development Site
Closing
Dec 8, 2021
About this deal
AI
A development site in Bridgewater has been sold for $1,450,000. Located at 229 Adamsville Road, the property spans 4 acres. The sale was facilitated by Tim Deluccia of Deluccia Commercial Group, who represented the buyer, DeSapio Properties.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,450,000
- Address: 229 Adamsville Road
- Market: Bridgewater
- Acres: 4
Tim Deluccia, from the Deluccia Commercial Group, acted as the broker for DeSapio Properties in the acquisition of the development site.
The development site sale at 229 Adamsville Rd, Bridgewater, NJ 08807 in Bridgewater, New Jersey sold for $1.5M in 2021. The building is 13,000 square feet, implying about 111 per square foot on the published price. Tim Deluccia, Berkshire Hathaway HomeServices appear on the sale alongside Berkshire Hathaway HomeServices. This page is the Bridgewater, New Jersey file for the 229 Adamsville Rd, Bridgewater, NJ 08807 development site sold: pricing, party profiles, and other closed development site comps from the same Bridgewater sit in the Market section below. Filter that Bridgewater development site set by closing date to see what else sold near 229 Adamsville Rd, Bridgewater, NJ 08807 around 2021. Published consideration for 229 Adamsville Rd, Bridgewater, NJ 08807 is $1.5M, dated 2021. Cite this DeSapio Properties Acquires 4-Acre Development Site In Bridgewater For $1.45M sale when underwriting similar development site product around Bridgewater, New Jersey.
Bridgewater Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93