Horvath & Tremblay Brokers Sell Roselle, NJ Retail Property For $3.8M
SOLD
$3,885,000
New Jersey
See Similar DealsRetail2,108 SF
Sold 10/19/2022
SOLD
Horvath & Tremblay Brokers Sell Roselle, NJ Retail Property For $3.8M
133 East Saint Georges Avenue
See Similar DealsRetail2,108 SF
Sold 10/19/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,843
Total Square Footage:2,108 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$207,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,802.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,416.88
Annual Debt Service$221,002.58
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