facebook
Traded Co logo
Submit

Newbergenline LLC Acquires Retail Property In Avenel, NJ For $1M

Property Image
SOLD
$1,000,000

New Jersey

See Similar Deals
Retail2,600 SF
Sold 07/13/2020
the dealplayerscompscontact
Property Image
SOLD

Newbergenline LLC Acquires Retail Property In Avenel, NJ For $1M

1076 Saint Georges Avenue, Avenel, NJ, USA

See Similar Deals
Retail2,600 SF
Sold 07/13/2020
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$384
Total Square Footage:2,600 SF
Transaction Type:Sale

A retail property located at 1076-1080 St George’s avenue in Avenel, NJ was recently sold for $1,000,000. The property spans 2,600 square feet, resulting in a price per square foot of $385. The transaction took place on July 13, 2021, and the buyer was Newbergenline LLC, represented by Chris Conway and David Choi. The seller of the property was the DiTunnariello Family. Christopher Conway, acting as the broker, facilitated the sale. The transaction was an all-cash deal.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,000,000
  • Date: July 13, 2021
  • Address: 1076-1080 St George’s avenue, Avenel, NJ
  • Market: Avenel, NJ
  • Buyer: Chris Conway & David Choi - Newbergenline LLC
  • Seller: DiTunnariello Family
  • Broker: Christopher Conway
  • Square Footage: 2,600
  • Price Per Square Foot: $385
  • Note: All cash ✅

Chris Conway and David Choi, representing Newbergenline LLC, acquired the retail property located at 1076-1080 St George’s avenue in Avenel, NJ. The DiTunnariello Family served as the sellers in this transaction. Christopher Conway acted as the broker, facilitating the sale between the buyer and seller. The property was purchased for $1,000,000 in an all-cash deal. The retail space spans 2,600 square feet, resulting in a price per square foot of $385.

Players

Christopher (Chris) Conway
40 deals$12.1M volume
BROKER

Christopher (Chris) Conway
Atlantic Coastal Real Estate
40 deals$12.1M volume
BROKER

The Goldstein Group
BROKERAGE


3 deals$1M volume
BUYER

3 deals$1M volume
BUYER

6 deals$20M volume
BUYER

6 deals$20M volume
BUYER

6 deals$20M volume
BUYER

Details

SOLD
IMAGE: Christopher Conway DATE: 07/13/2021 ADDRESS: 1076-1080 St George’s avenue MARKET: Avenel, NJ ASSET TYPE: Retail BUYER: Chris Conway & David Choi - Newbergenline LLC SELLER: DiTunnariello Family BROKER: Christopher Conway (@Retail_CRE) SALE PRICE: $1,000,000 SF: 2,600 ~ PPSF: $385 NOTE: All cash ✅

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12