Updated Oct 28, 2024
Ma-half Acre Road LLC Acquires Dev Site In Cranbury From Atty Alfieri Michael & Atty Jedziniak Michael For $43M
341 Half Acre Rd, Cranbury, NJ, USA
$43,020,924
$8/SF
Building Size
5,164,038 SF
Asset Type
Development Site
Closing
Feb 28, 2021
About this deal
AI
A development site located at 341 Half Acre Rd in Cranbury has been sold for a total of $43,020,924. The property was sold by Atty Alfieri Michael and Atty Jedziniak Michael. Ma-half Acre Road LLC was the buyer of the site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $43,020,924
- Address: 341 Half Acre Rd, Cranbury
- Market: Cranbury
In this deal, the buyer of the property was Ma-half Acre Road LLC. The sellers of the property were Atty Alfieri Michael and Atty Jedziniak Michael.
Players
Cranbury 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93