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15 Mohawk Drive, Marlboro, ...

The Church Of Marlboro Acquires Retail Property On Mohawk Drive In Marlboro, NJ For $1.7M
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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

Matt Weilheimer

Kislak

Broker

$67.9M

vol

13 deals

Broker

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