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200 South Street

North Central Jersey Association Of Realtors Acquires Office Building In New Providence For $2.185M
SOLDOffice

North Central Jersey Association Of Realtors Acquires Office Building In New Providence For $2.185M

200 South Street

$2,185,000

$218/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 4, 2025

AI

The asset involved in this transaction is an office property located at 200 South Street in the New Providence market. The sale price for the property was $2,185,000, which corresponds to a price per square foot of $218 for a total area of 10,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,185,000
  • Address: 200 South Street
  • Market: New Providence
  • Square Footage: 10,000
  • Price Per Square Foot: $218
  • Buyer: North Central Jersey Association of Realtors
  • Seller: Jonathan Steingraber & Michelle Pais
  • Buyer's Representative: Jerry Mosca - Amerisource Realty Network
  • Seller's Representative: Jonathan Steingraber - Signature Realty NJ
  • Buyer's Attorney: Jonathan Sherman - Ansell.Law
  • Seller's Attorney: Casey Egger - CME Law Firm

This transaction featured notable individuals in the real estate field, including buyer's representative Jerry Mosca from Amerisource Realty Network and seller's representative Jonathan Steingraber of Signature Realty NJ, both playing crucial roles in facilitating this deal. Legal representation was provided by attorneys Jonathan Sherman from Ansell.Law and Casey Egger from CME Law Firm, ensuring compliance and proper handling of the transaction's legal aspects.

If you are looking to sell your commercial property contact Jonathan Steingraber at 908 868 2178 cell, 973 921 1111 office.

Players

Jonathan Steingraber

Signature Realty NJ

Broker

$5.6M

vol

3 deals

Broker

New Providence Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.26%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93