April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 11 North Alward Avenue For $1.8M
11 North Alward Avenue
$1,800,000
$360/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Sep 27, 2024
AI
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.
Basking Ridge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93