$970,000 Loan Secured 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 23, 2023
AI
The property asset involved in this transaction is a retail space located at 923 Cedar Bridge in Brick. The transaction was secured with a loan amount of $970,000.00.
Summary of transation 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 transaction features Michael J. Gefter as the broker representative involved in facilitating the loan, ensuring that the transition of property ownership adheres to the necessary protocols and standards within the retail market in Brick.
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