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105 Chestnut Avenue

Singh Hurwinder Acquires Retail Property From John Perotti In Roselle For $1.5M
SOLDRetail

Singh Hurwinder Acquires Retail Property From John Perotti In Roselle For $1.5M

105 Chestnut Avenue

$1,500,000

$750/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Dec 16, 2024

AI

The property asset involved in this transaction is a retail space located at 105 Chestnut Avenue in Roselle. The sale was completed for a total price of $1,500,000. This asset spans an area of 2,000 square feet, translating to a price per square foot of $750.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,500,000
  • Buyer: Singh Hurwinder
  • Seller: John Perotti
  • Brokers: Jack Drillock & Yanni Marmarou - Investment Property Realty Group (IPRG)

The deal involved representatives Jack Drillock and Yanni Marmarou from Investment Property Realty Group, who facilitated the transaction between the buyer, Singh Hurwinder, and the seller, John Perotti.

Players

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$150.8M

vol

36 deals

Broker

Jersey City 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93