Horvath & Tremblay Represents Sale Of Retail Property In Perth Amboy For $2.01M
147 New Brunswick Avenue, Perth Amboy, New Jersey 08861, United States
$2,014,375
$592/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Jun 22, 2022
AI
An retail property located at 147 New Brunswick Ave in Perth Amboy was recently sold. The property has a total area of 3,400 square feet and was sold for a price of $2,014,375, resulting in a price per square foot of $592. The transaction took place on June 23, 2022, with a capitalization rate of 4%.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,014,375
- Address: 147 New Brunswick Ave
- Market: Perth Amboy
- Square Footage: 3,400
- Price per Square Foot: $592
- Capitalization Rate: 4%
Horvath & Tremblay represented both parties in the sale. The brokers involved in the transaction were Rob DiFranco and Mike Lombardi.
Players
Perth Amboy 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
7.87%
Cash-on-Cash
-2.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93