Ringwood Commons Sells Mixed-Use Property In Ringwood For $4.2 Million With Michael Taccetta & Dennis Giammetta
55 Skyline Drive
$4,200,000
$236/SF
Building Size
17,800 SF
Asset Type
Mixed-use
Closing
Mar 26, 2025
AI
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
Ringwood 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93