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55 Skyline Drive

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

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

Michael Taccetta

Newmark Associates

Broker

$8.3M

vol

3 deals

Broker

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