Isaac Nussbaum Of The Nussbaum Team Represents Buyer In Toms River Office Sale For $3.21M
SOLD
$3,210,000
New Jersey
See Similar DealsOffice19,764 SF
Sold
SOLD
Isaac Nussbaum Of The Nussbaum Team Represents Buyer In Toms River Office Sale For $3.21M
1130 Hooper Avenue
See Similar DealsOffice19,764 SF
Sold
Summary
NEW JERSEY
Asset Type:Office
Price Per Square Foot:$162
Total Square Footage:19,764 SF
Transaction Type:Sale
The property involved in this transaction is located at 1130 Hooper Avenue in Toms River, categorized as an office asset. The total sale price recorded for this property is $3,210,000. It encompasses a total area of 19,764 square feet, translating to a price per square foot of $162.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,210,000
- Square Footage: 19,764
- Price Per Square Foot: $162
- Market: Toms River
- Buyer's Representative: Isaac "Yitzi" Nussbaum - The Nussbaum Team - Real Broker
- Seller's Representatives: Robert Cecchini & Michael Little - Keller Williams Realty
This transaction highlights the involvement of Isaac "Yitzi" Nussbaum, representing the buyer, alongside Robert Cecchini and Michael Little, who represented the seller. Their roles were critical in successfully concluding the sale of this office property.
Players
BROKERAGE
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$171,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,404.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,217.04
Annual Debt Service$182,604.45
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