Ari Mitnick Acquires Office Building In East Brunswick For $5.1M
377 Summerhill Rd, East Brunswick, NJ, USA
$5,100,000
$11/SF
Building Size
449,539 SF
Asset Type
Office
Closing
Apr 21, 2021
AI
The property involved in the transaction is an office located at 377 Summerhill Rd in East Brunswick. The sale took place on April 22, 2021, with a total sale price of $5,100,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,100,000
- Address: 377 Summerhill Rd, East Brunswick
- Buyer: Ari Mitnick
- Seller: Nicholas Minoia
- Market: East Brunswick
Ari Mitnick served as the buyer in this transaction, while Nicholas Minoia acted as the seller. The property is an office space situated at 377 Summerhill Rd in East Brunswick, which provides a prime location for business operations in the area.
Players
East Brunswick 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93