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664 Princeton Ave, Brick To...

Benchmark Boats Acquires Mixed-Use Property In Brick, NJ For $1.4M
SOLDMixed-use

Benchmark Boats Acquires Mixed-Use Property In Brick, NJ For $1.4M

664 Princeton Ave, Brick Township, NJ 08724, USA

$1,400,000

$1,272/SF

Building Size

1,100 SF

Asset Type

Mixed-use

Closing

Mar 9, 2021

AI

664 Princeton Avenue in Brick, NJ has been sold in a recent closed transaction. The property is a mixed-use asset.

Summary of transaction details:

  • Property Type: Mixed-use
  • Sale Price: $1,400,000
  • Asking Price: $1,525,000
  • Buyer: Benchmark Boats
  • Seller: Bud Sherman
  • Broker: Jarrad Coletta - Coletta Commercial

The buyer, Benchmark Boats, and the seller, Bud Sherman, completed the transaction for 664 Princeton Avenue. The deal was facilitated by Jarrad Coletta from Coletta Commercial. The sale price agreed upon was $1,400,000, while the initial asking price was $1,525,000.

Players

Jarrad Coletta

Coletta Commercial Realty

Broker

$15.1M

vol

10 deals

Broker

Brick 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93