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1400 Jumping Brook Rd, Nept...

Updated Mar 6, 2025

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

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

1400 Jumping Brook Rd, Neptune City, NJ, USA

$5,200,000

$162/SF

Building Size

32,000 SF

Asset Type

Office

Closing

Nov 9, 2021

About this deal

AI

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

Hudson Atlantic Capital

Broker

$308.6M

vol

46 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Adam Greenfield

Buyer

$8.1M

vol

2 deals

Buyer
David Levy

David Levy

Paramount Realty

Seller

$131.3M

vol

15 deals

Seller

Neptune Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $162 per square foot on a published $5.2M for 32,000 square feet (2021).

Visit David Levy to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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