Updated Dec 4, 2024
Danny Betesh & Eli Dweck Acquire Retail Property In Bridgewater, NJ For $8.2M
1329 Prince Rodgers Avenue
$8,200,000
$197/SF
Building Size
41,589 SF
Asset Type
Retail
Closing
Feb 14, 2024
About this deal
AI
1329 Prince Rodgers Avenue, located in Bridgewater, NJ, was recently sold as a retail property. The sale price for the asset was $8,200,000, with a total square footage of 41,589, translating to a price per square foot of $197.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Buyer: Danny Betesh & Eli Dweck
- Seller's Representative: Darren Lizzack & Randy Horning - NAI James E. Hanson
The transaction at 1329 Prince Rodgers Avenue was facilitated by the buyer, Danny Betesh & Eli Dweck, and the seller's representatives, Darren Lizzack & Randy Horning from NAI James E. Hanson. The deal involving this retail property underscores the importance of efficient real estate representation in successful transactions.
On the Map
$8,200,000
$197/SF
Retail
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Players
Bridgewater 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93