Madison YMCA Purchases Office Property In Madison For $1.07M With Seller's Rep
SOLD
$1,070,000
New Jersey
See Similar DealsOffice7,600 SF
Sold 03/22/2024
SOLD
Madison YMCA Purchases Office Property In Madison For $1.07M With Seller's Rep
100 Kings Road
See Similar DealsOffice7,600 SF
Sold 03/22/2024
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$140
Total Square Footage:7,600 SF
Transaction Type:Sale
The property located at 100 Kings Road in Madison, a 7,600 square foot office, was recently sold for $1,070,000, at a price per square foot of $141. The transaction was finalized on March 22, 2024, with the seller being represented by Michael Taccetta from Newmark Associates CRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,070,000
- Buyer: Madison YMCA
- Seller's Rep: Michael Taccetta - Newmark Associates CRE
- Market: Madison
- Address: 100 Kings Road
The Madison YMCA expanded their facilities by acquiring the property adjacent to their current location. This strategic purchase will allow them to enhance their services to the community of Madison, showcasing their commitment to better serve their members.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,801.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,072.35
Annual Debt Service$60,868.15
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