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
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