Michael J. Gefter Secures $970,000 Loan For Retail Asset At 923 Cedar Bridge In Brick
923 Cedar Bridge
$970,000
$115/SF
Building Size
8,400 SF
Asset Type
Retail
Closing
Nov 24, 2023
AI
The property asset involved in this transaction is located at 923 Cedar Bridge in Brick. It is classified as retail real estate with a loan amount of $970,000.00. The specific features of the property, such as square footage and market value, are not provided.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $970,000.00
- Address: 923 Cedar Bridge
- Market: Brick
- Loan Amount: $970,000.00
- Broker: Michael J. Gefter
The key individual involved in this transaction is broker Michael J. Gefter, who represents the parties in this loan agreement. No landlord details are provided in the context of this transaction.
Players
Brick Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.35%
Cash-on-Cash
-4.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93