Singh Hurwinder Acquires Retail Property From John Perotti In Roselle For $1.5M
SOLD
$1,500,000
New Jersey
See Similar DealsRetail2,000 SF
Sold 12/16/2024
SOLD
Singh Hurwinder Acquires Retail Property From John Perotti In Roselle For $1.5M
105 Chestnut Avenue
See Similar DealsRetail2,000 SF
Sold 12/16/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$750
Total Square Footage:2,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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