Todd Gieger Purchases Mixed-Use Asset At 473 Broadway From Thomas Collard For $999,999
SOLD
$999,999
New Jersey
See Similar DealsMixed-use6,000 SF
Sold 11/12/2024
SOLD
Todd Gieger Purchases Mixed-Use Asset At 473 Broadway From Thomas Collard For $999,999
473 Broadway
See Similar DealsMixed-use6,000 SF
Sold 11/12/2024
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$166
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.29
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.07
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