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.
Brick Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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