Fady Meckey Of Meckey Estates Purchases Office Building In Roselle For $300,000
SOLD
$300,000
New Jersey
See Similar DealsOffice1,300 SF
Sold 10/05/2025
SOLD
Fady Meckey Of Meckey Estates Purchases Office Building In Roselle For $300,000
2209 Wood Avenue
See Similar DealsOffice1,300 SF
Sold 10/05/2025
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$230
Total Square Footage:1,300 SF
Transaction Type:Sale
The property asset involved in the transaction is an office located at 2209 N Wood Avenue in Roselle. The sale price for the asset was $300,000 with a total area of 1,300 square feet, resulting in a price per square foot of $230. The transaction includes a single unit.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $300,000
- Units: 1
- Square Footage: 1,300
- Price Per Unit: $300,000
- Price Per Square Foot: $230
- Buyer: Fady Meckey - Meckey Estates
- Transaction Date: 10/6/2025
The deal was facilitated by Fady Meckey representing Meckey Estates, acting as the buyer in this transaction. The office asset represents a strategic acquisition within the local market of Roselle.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$16,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,065.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,422.15
Annual Debt Service$17,065.84
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