Updated Dec 19, 2023
Alexis Varbero Acquires Development Site In Edison For $1.57M
79 Ellen St, Edison, NJ, USA
$1,575,000
$210/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
Apr 7, 2020
About this deal
AI
Located at 79 Ellen St in Edison, this development site was recently sold in a transaction on 04/07/2021. The property was sold for $1,575,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,575,000
- Market: Edison
- Buyer: Alexis Varbero
- Seller: Kyu H. Chang
- Image: Alexis Varbero
Alexis Varbero represented themselves in the deal as the buyer, while Kyu H. Chang represented themselves as the seller.
The development site sale at 79 Ellen St, Edison, NJ, USA in Edison, New Jersey sold for $1.6M in 2020. The building is 7,500 square feet, implying about 210 per square foot on the published price. This page is the Edison, New Jersey file for the 79 Ellen St, Edison, NJ, USA development site sold: pricing, party profiles, and other closed development site comps from the same Edison sit in the Market section below. Filter that Edison development site set by closing date to see what else sold near 79 Ellen St, Edison, NJ, USA around 2020. Published consideration for 79 Ellen St, Edison, NJ, USA is $1.6M, dated 2020. Cite this Alexis Varbero Acquires Development Site In Edison For $1.57M sale when underwriting similar development site product around Edison, New Jersey.
Players
Edison 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93