Barbara Gross & Glenn Jaffe Acquire Office Building In Neptune For $3.2M
SOLD
$3,200,000
New Jersey
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Sold
SOLD
Barbara Gross & Glenn Jaffe Acquire Office Building In Neptune For $3.2M
3443 Asbury Avenue, Neptune Township, New Jersey 07712, United States
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Sold
Summary
NEW JERSEY
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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