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
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.
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