Ringwood Commons Sells Mixed-Use Property In Ringwood For $4.2 Million With Michael Taccetta & Dennis Giammetta
SOLD
New Jersey
See Similar DealsMixed-use17,800 SF
Sold 03/26/2025
SOLD
Ringwood Commons Sells Mixed-Use Property In Ringwood For $4.2 Million With Michael Taccetta & Dennis Giammetta
55 Skyline Drive
See Similar DealsMixed-use17,800 SF
Sold 03/26/2025
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.
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Deal Type
30 years
10 years
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
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