April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 11 North Alward Avenue For $1.8M
SOLD
$1,800,000
New Jersey
See Similar DealsRetail5,000 SF
Sold 09/27/2024
SOLD
April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 11 North Alward Avenue For $1.8M
11 North Alward Avenue
See Similar DealsRetail5,000 SF
Sold 09/27/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$360
Total Square Footage:5,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 11 North Alward Avenue in Basking Ridge. It encompasses a total square footage of 5,000 and has been sold for a price of $1,800,000, translating to a price per square foot of $360.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000
- Square Footage: 5,000
- Price Per Square Foot: $360
- Address: 11 North Alward Avenue
- Market: Basking Ridge
- Buyer's Representative: April Blount - Berkshire Hathaway HomeServices
April Blount represented the buyer in this retail property transaction. The deal was finalized on September 27, 2024, marking a successful closure for the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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