Danny Betesh & Eli Dweck Acquire Retail Property In Bridgewater, NJ For $8.2M
SOLD
$8,200,000
New Jersey
See Similar DealsRetail41,589 SF
Sold 02/14/2024
SOLD
Danny Betesh & Eli Dweck Acquire Retail Property In Bridgewater, NJ For $8.2M
1329 Prince Rodgers Avenue
See Similar DealsRetail41,589 SF
Sold 02/14/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$197
Total Square Footage:41,589 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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