The Church Of Marlboro Acquires Retail Property On Mohawk Drive In Marlboro, NJ For $1.7M
15 Mohawk Drive, Marlboro, NJ, USA
$1,700,000
$154/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Sep 30, 2021
AI
The retail property located at 15 Mohawk Drive in Marlboro, NJ has recently been sold for $1,700,000. The transaction took place on 09/30/2021, and the property spans a total of 11,000 square feet. The sale price amounts to approximately $155 per square foot. The buyer was The Church of Marlboro, while the seller was Temple Rodeph Torah.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 15 Mohawk Drive, Marlboro, NJ
- Market: Marlboro, NJ
- Square Footage: 11,000
The buyer was represented by Rob Loverro from Simone Realty, while Matt Weilheimer from Kislak Realty acted as the seller's representative. It is worth noting that Matt Weilheimer can be contacted at [email protected] or 908 596 0700, and Rob Loverro can be reached at [email protected] or 646 334 1851.
Players
Marlboro 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93