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65 Kent Road, Howell, NJ 07731

Updated Dec 19, 2024

Starcap Holdings LLC Acquires DayCare Property In Howell, NJ For $1.75M
SOLDOther

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

Real Broker
Real BrokerBrokerage

Howell Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $227 per square foot on a published $1.8M for 7,680 square feet (2021).

Visit Isaac "Yitzi" Nussbaum to view all their deals.

Browse New Jersey other sales on Traded.

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

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