Updated Oct 29, 2024
1 Godwin Avenue, LLC Acquires Retail Property In Midland Park, NJ For $Undisclosed
1 Godwin Ave, Midland Park, NJ, 07432
Building Size
7,800 SF
Asset Type
Retail
Closing
Mar 19, 2020
About this deal
AI
The property located at 1 Godwin Ave, Midland Park, NJ, 07432, was recently sold. The asset is a retail space with 7,800 square feet of ground level area, situated on almost one acre of land. The property is in a prime retail area, surrounded by various well-known establishments such as Kings Supermarket, CVS, Dunkin Donuts, Starbucks, and more.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Buyer: 1 Godwin Avenue, LLC
- Buyer's Representative: Lew Finkelstein (The Goldstein Group)
- Seller: FR 08, LLC
- Square Footage: 7,800 SF
- Market: Midland Park
The sale of the property at 1 Godwin Avenue, Midland Park, New Jersey was facilitated by The Goldstein Group. The team comprising of CJ Huter, Lew Finkelstein, and Neil Goldstein, represented both the buyer, 1 Godwin Avenue, LLC, and the seller, FR 08, LLC, in this transaction.
Players
Midland Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93