Updated Dec 21, 2023
SOLDOffice
Jack Gindi Acquires Office Building From Wilson T. James In Matawan For $3.67M
400 Hwy 34, Matawan, NJ, USA
$3,675,000
$457/SF
Building Size
8,034 SF
Asset Type
Office
Closing
Aug 10, 2021
About this deal
AI
The office property located at 400 Hwy 34 Fen in Matawan has been sold in a transaction. The property spans 8,034 square feet and was sold for a price of $3,675,000, resulting in a price per square foot of $457.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,675,000
- Square Footage: 8,034
- Price per Square Foot: $457
- Address: 400 Hwy 34 Fen
- Market: Matawan
The buyer in this transaction is Jack Gindi, while the seller is Wilson T. James.
Players
Matawan 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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93