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Private Investor Acquires Mixed-Use Property In Bernardsville For $1.9 Million With Brokers Tim Deluccia And Justin Walsh
SOLD
$1,900,000
New Jersey
See Similar DealsMixed-use6,600 SF
Sold
SOLD
Private Investor Acquires Mixed-Use Property In Bernardsville For $1.9 Million With Brokers Tim Deluccia And Justin Walsh
18 Claremont Road
See Similar DealsMixed-use6,600 SF
Sold
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$287
Total Square Footage:6600 SF
Transaction Type:Sale
A private investor acquired a 6,600-square-foot mixed-use property at 18 Claremont Road in Bernardsville, New Jersey for $1.9 million, featuring three retail spaces and three apartments above.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Square Footage: 6,600
- Price per Square Foot: $288
- Address: 18 Claremont Road
- Market: Bernardsville
Tim Deluccia of Deluccia Commercial Group represented the seller, while Justin Walsh of Evergreen Commercial Real Estate represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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