Updated Dec 19, 2024
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
About this deal
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.
On the Map
$1,500,000
$750/SF
Retail
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Players
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