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Ringwood Commons Sells Mixed-Use Property In Ringwood For $4.2 Million With Michael Taccetta & Dennis Giammetta

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SOLD
$4,200,000

New Jersey

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Mixed-use17,800 SF
Sold 03/26/2025
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Property Image
SOLD

Ringwood Commons Sells Mixed-Use Property In Ringwood For $4.2 Million With Michael Taccetta & Dennis Giammetta

55 Skyline Drive

See Similar Deals
Mixed-use17,800 SF
Sold 03/26/2025
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$236
Total Square Footage:17,800 SF
Transaction Type:Sale

This mixed-use property located at 55 Skyline Drive in Ringwood was sold for $4,200,000. The asset has a total area of 17,800 square feet, resulting in a price per square foot of $235.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,200,000
  • Address: 55 Skyline Drive
  • Market: Ringwood
  • Sale Price: $4,200,000
  • Square Footage: 17,800
  • Price per Square Foot: $235
  • Seller: Ringwood Commons
  • Seller's Representative: Michael Taccetta & Dennis Giammetta - Newmark Associates

The transaction was facilitated by the team of Michael Taccetta and Dennis Giammetta from Newmark Associates, who effectively connected the seller with the appropriate buyer for this off-market property sale. Their expertise ensured a smooth and efficient completion of the deal.

Players

Michael Taccetta
3 deals$8.3M volume(973) 525-3737
BROKER

Dennis Giammetta
Newmark Associates
3 deals$6.8M volume(201) 456-7742
BROKER

Details

SOLD
IMAGE: Michael Taccetta & Dennis Giammetta DATE: 03/26/2025 ADDRESS: 55 Skyline Drive MARKET: Ringwood ASSET TYPE: Mixed-use SELLER: Ringwood Commons SELLER'S REP: Michael Taccetta (@MTaccetta_CRE) & Dennis Giammetta - Newmark Associates (@NewmarkAssociates) SALE PRICE: $4,200,000 SF: 17,800 ~ PPSF: $235 NOTE FROM BROKER: We are pleased to announce the successful off-market sale of a prime mixed-use property in Ringwood, NJ. This exclusive transaction was completed smoothly and efficiently, connecting our client with the right buyer. If you are considering selling off-market commercial properties and would like a Broker Opinion of Value, contact Michael Taccetta @ 973-525-3737 or Dennis Giammetta @ 201-456-7742

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71