Updated Oct 28, 2024
BRB Development LLC Acquires 3.3 Acre Development Site In Denville, NJ For $2.5M
85 U.S. 46, Denville, NJ, USA
$2,500,000
$27/SF
Building Size
90,000 SF
Asset Type
Development Site
Closing
Sep 8, 2021
About this deal
AI
BRB Development LLC has acquired a development site located at 85 Route 46 in Morris County, Denville, NJ for a sale price of $2,500,000. The property spans approximately 3.3 acres and offers great potential for development. The transaction took place on 09/09/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Address: 85 Route 46, Morris County, Denville, NJ
- Market: Morris County, Denville, NJ
- Buyer: BRB Development LLC
- Seller: ATKA LLC
- Buyer's Representative: Matt Grundy - Ripco Real Estate LLC
- Seller's Representative: Jim Brunette - Brunette Realty LLC
- BSF: 90,000
Matt Grundy from Ripco Real Estate LLC represented the buyer, BRB Development LLC, in this transaction. Jim Brunette from Brunette Realty LLC represented the seller, ATKA LLC. The deal between the two parties marks a significant milestone in the development of the property.
On the Map
$2,500,000
$27/SF
Development Site
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Players
Denville 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93