Barbara Gross & Glenn Jaffe Acquire Office Building In Neptune For $3.2M
3443 Asbury Avenue, Neptune Township, New Jersey 07712, United States
$3,200,000
Building Size
—
Asset Type
Office
Closing
Apr 21, 2022
AI
A asale transaction was recently completed for an office property located at 3443 Route 66 in Neptune. The transaction took place on 04/22/2022. The property, marketed as an office space, was sold for a price of $3,200,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,200,000
- Date: 04/22/2022
- Address: 3443 Route 66, Neptune
- Market: Neptune
The sale of this office property was facilitated by two brokers. Barbara Gross from Sheldon Gross Realty and Glenn Jaffe from KW Commercial played crucial roles in the transaction.
Players
Neptune Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93