Paramount Realty Acquires Retail Redevelopment In Middletown Township For $2 Million From Filomena Sclafani
SOLD
$2,000,000
New Jersey
See Similar DealsIndustrial6,000 SF
Sold 12/23/2024
SOLD
Paramount Realty Acquires Retail Redevelopment In Middletown Township For $2 Million From Filomena Sclafani
663 New Jersey Highway 35
See Similar DealsIndustrial6,000 SF
Sold 12/23/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$333
Total Square Footage:6,000 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space intended for redevelopment, located at 663 Route 35 in Middletown Township, NJ. The sale price for the property was $2,000,000, encompassing an area of 6,000 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Retail w/ Redevelopment
- Transaction Amount: $2,000,000
- Address: 663 Route 35
- Market: Middletown Township, NJ
- Square Footage: 6,000
- Price per Square Foot: $333
- Buyer: Paramount Realty
- Seller: Filomena Sclafani
- Broker: Jack Zalta - KSR
The transaction features key individuals and companies, with Paramount Realty acting as the buyer and Filomena Sclafani serving as the seller. Jack Zalta from KSR represented the broker in this deal, facilitating the transaction between the involved parties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
Is there something missing? Send suggestions