Updated Dec 19, 2024
Starcap Holdings LLC Acquires DayCare Property In Howell, NJ For $1.75M
65 Kent Road, Howell, NJ 07731
$1,750,000
$227/SF
Building Size
7,680 SF
Asset Type
Other
Closing
Dec 8, 2021
About this deal
AI
Located in Howell, NJ, the property at 65 Kent Road recently changed hands in a sale transaction. The asset type of the property is a DayCare facility, spanning an area of 7,680 square feet. The sale took place on December 8, 2021, with Starcap Holdings LLC acquiring the property from J Donnelly LLC. The deal was facilitated by broker Isaac "Yitzi" Nussbaum from The Nussbaum Team. The asking price for the property was $1,700,000, and it was eventually sold for $1,750,000, resulting in a price per square foot of $228.
Summary of Transaction Details:
- Property Type: DayCare
- Transaction Amount: $1,750,000
- Address: 65 Kent Road, Howell, NJ
- Market: Howell, NJ
- Buyer: Starcap Holdings LLC
- Seller: J Donnelly LLC
- Broker: Isaac "Yitzi" Nussbaum - The Nussbaum Team
This transaction represents a significant purchase of a DayCare facility in Howell, NJ. The acquisition was made by Starcap Holdings LLC, with the assistance of their broker, Isaac "Yitzi" Nussbaum from The Nussbaum Team. The sale price of $1,750,000 reflects the value placed on the property by the buyer. The transaction highlights the strong demand for commercial properties in the area.
Players
Howell Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93