Updated Oct 1, 2025
Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M
461 Us Route 46
$1,100,000
Building Size
—
Asset Type
Development Site
Closing
Sep 24, 2025
About this deal
AI
A 1.6-acre development site located at 461 Route 46 in Wayne was sold. The site was purchased for a total of $1,100,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,100,000
- Address: 461 Route 46
- Market: Wayne
- Seller: Tozzo Route 46 LLC
- Broker: Marta Villa - CBRE
Marta Villa of CBRE represented the seller, Tozzo Route 46 LLC, in the transaction and was also responsible for procuring the buyer, a private investor.
The development site sale at 461 Us Route 46 in Fairfield, New Jersey sold for $1.1M in 2025. 461 Us Route 46 is classified as Development Site on Traded. Marta Villa, CBRE appear on the sale alongside CBRE. This page is the Fairfield, New Jersey file for the 461 Us Route 46 development site sold: pricing, party profiles, and other closed development site comps from the same Fairfield sit in the Market section below. Filter that Fairfield development site set by closing date to see what else sold near 461 Us Route 46 around 2025. Published consideration for 461 Us Route 46 is $1.1M, dated 2025. Cite this Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M sale when underwriting similar development site product around Fairfield, New Jersey.
On the Map
$1,100,000
Development Site
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Players
Fairfield Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93