Updated Dec 21, 2023
Marcus & Millichap Sells Route 35 Retail Property In Middletown For $2.19M
1511 New Jersey Highway 35, Middletown, New Jersey 07748, United States
$2,190,000
$1,220/SF
Building Size
1,794 SF
Asset Type
Retail
Closing
Sep 19, 2022
About this deal
AI
A retail property located at 1511 Route 35 in Middletown has been sold for a total price of $2,190,000. The property spans 1,794 square feet, resulting in a price per square foot of $1,221. The sale took place on September 20, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,190,000
- Address: 1511 Route 35
- Market: Middletown
- Square Footage: 1,794
- Price per Square Foot: $1,221
The transaction was facilitated by Marcus & Millichap, with Alan Cafiero, Brent Hyldahl, and Seth Goldberg serving as the brokers representing the buyer and seller.
Players
Middletown 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
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93