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133 East Saint Georges Avenue

Horvath & Tremblay Brokers Sell Roselle, NJ Retail Property For $3.8M
SOLDRetail

Horvath & Tremblay Brokers Sell Roselle, NJ Retail Property For $3.8M

133 East Saint Georges Avenue

$3,885,000

$1,843/SF

Building Size

2,108 SF

Asset Type

Retail

Closing

Oct 19, 2022

AI

A retail property located at 133 E St Georges Ave in Roselle, NJ has recently been sold. The property is approximately 2,108 square feet in size. The sale price for the transaction was $3,885,000, resulting in a price per square foot of $1,843.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,885,000
  • Market: Roselle, NJ

The sale of the property was facilitated by brokers Mike Lombardi, Rob DiFranco, and David McLaughlin from Horvath & Tremblay. They represented the parties involved in the transaction and played a key role in the successful completion of the deal.

Players

Michael Lombardi

Horvath & Tremblay

Broker

$114.8M

vol

29 deals

Broker

Roselle 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

4.08%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93