Updated Oct 28, 2024
Jeff Brookman Acquires Office Building In Sparta Township For $2M
1 Wilson Drive
$2,000,000
$209/SF
Building Size
9,529 SF
Asset Type
Office
Closing
Aug 3, 2022
About this deal
AI
Located in Sparta Township, the office property at 1 Wilson Dr has been sold in a recent transaction. The deal was finalized on August 3, 2022, with a sales price of $2,000,000. The property spans approximately 9,529 square feet, resulting in a price per square foot of $210. The buyer, Jeff Brookman, acquired the asset from the seller, Howard Hannan Rand Realty. The transaction was facilitated by CENTURY 21 VOX Realty, with brokers Paulo Cerqueira, Ryan Marcussen, and Cintia Durso representing both parties involved.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,000,000
- Square Footage: 9,529 sqft
- Price per Square Foot: $210
- Address: 1 Wilson Dr, Sparta Township
- Buyer: Jeff Brookman
- Seller: Howard Hannan Rand Realty
- Brokers: Paulo Cerqueira, Ryan Marcussen, and Cintia Durso - CENTURY 21 VOX Realty
CENTURY 21 VOX Realty, located at 1010 Stuyvesant Ave, Union, NJ 07083, played a pivotal role in this property transaction. For more information, interested parties can contact CENTURY 21 VOX Realty at 908-851-2121.
Players
Sparta Township Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93