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Adam Greenfield, Elan Rofé & Andre Rofé Acquire Office In Neptune From Paramount Realty For $5.2M

Property Image
SOLD
$5,200,000
Abe Mann

New Jersey

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Office32,000 SF
Sold 11/09/2021
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Property Image
SOLD

Adam Greenfield, Elan Rofé & Andre Rofé Acquire Office In Neptune From Paramount Realty For $5.2M

1400 Jumping Brook Rd, Neptune City, NJ, USA

See Similar Deals
Office32,000 SF
Sold 11/09/2021
Abe Mann
Contact now

Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$162
Total Square Footage:32,000 SF
Transaction Type:Sale

A 32,000 square foot office property located at 1400 Jumping Brook Rd. in Neptune has been sold for a price of $5,200,000. The property was purchased by Adam Greenfield, Elan Rofé, and Andre Rofé. The seller of the property was Paramount Realty, represented by David Levy. The transaction was facilitated by Abe Mann of Rosewood Realty Group.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,200,000
  • Address: 1400 Jumping Brook Rd.
  • Market: Neptune
  • Buyer: Adam Greenfield, Elan Rofé & Andre Rofé
  • Seller: Paramount Realty - David Levy
  • Broker: Abe Mann - Rosewood Realty Group

Abe Mann, the broker from Rosewood Realty Group, played a vital role in securing the deal for the buyers. It is worth mentioning that Abe secured 75% LTV and a 3.25% fixed interest rate for 5 years to finance the purchase of this office property.

For any financing needs, Abe Mann can be contacted at:

Abe Mann
Capital Markets - Debt Advisory
Rosewood Realty Group
152 West 57th Street, 5th floor
New York N.Y. 10019
Cell: 917-574-3810
Email: [email protected]

Players

Abe Mann
46 deals$308.6M volume(917) 574-3810
BROKER

Rosewood Realty Group
BROKERAGE


David Levy
Paramount Realty
15 deals$131.3M volume
SELLER

Details

SOLD
IMAGE: Abe Mann DATE: 11/09/2021 ADDRESS: 1400 Jumping Brook Rd. MARKET: Neptune ASSET TYPE: Office BUYER: Adam Greenfield, Elan Rofé & Andre Rofé SELLER: Paramount Realty - David Levy BROKER: Abe Mann (@AbeMann_) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $5,200,000 SF: 32,000 ~ PPSF: $162 NOTE: Abe secured 75% LTV and 3.25% fixed for 5 years for the purchase of this 32,000 SF office property. Feel free to reach out with any financing needs: Abe Mann Capital Markets - Debt Advisory Rosewood Realty Group 152 West 57th Street, 5th floor New York N.Y. 10019 Cell: 917-574-3810 [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
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