Updated Dec 4, 2024
Todd Gieger Purchases Mixed-Use Asset At 473 Broadway From Thomas Collard For $999,999
473 Broadway
$999,999
$166/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Nov 12, 2024
About this deal
AI
The mixed-use property located at 473 Broadway in Long Branch has a sale price of $999,999. The property encompasses a total area of 6,000 square feet, translating to a price per square foot of $166.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $999,999
- Address: 473 Broadway
- Market: Long Branch
- Buyer: Todd Gieger
- Seller: Thomas Collard
- Broker: Kyle Golden, Century 21
Kyle Golden of Century 21 represented the transaction, emphasizing readiness to assist potential sellers with multiple cash buyers actively seeking commercial properties in the Monmouth County area. He can be contacted at 201-400-5427.
On the Map
$999,999
$166/SF
Mixed-use
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Players
Long Branch Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93