Horvath & Tremblay Represents Sale Of Retail Property In Perth Amboy For $2.01M
SOLD
$2,014,375
New Jersey
See Similar DealsRetail3,400 SF
Sold 06/23/2022
SOLD
Horvath & Tremblay Represents Sale Of Retail Property In Perth Amboy For $2.01M
147 New Brunswick Avenue, Perth Amboy, New Jersey 08861, United States
See Similar DealsRetail3,400 SF
Sold 06/23/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$592
Total Square Footage:3,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$107,433.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,156.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,549.17
Annual Debt Service$114,589.98
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