Daniel Lanni Facilitates $765K Retail Sale On St. Georges Avenue In Rahway
SOLD
$765,000
New Jersey
See Similar DealsRetail12,800 SF
Sold 03/27/2024
SOLD
Daniel Lanni Facilitates $765K Retail Sale On St. Georges Avenue In Rahway
1683 Saint George's Avenue & 1687 Saint George's Avenue
See Similar DealsRetail12,800 SF
Sold 03/27/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:12,800 SF
Transaction Type:Sale
The retail property located at 1683-1687 St. Georges Avenue in Rahway was recently sold for $765,000. Spanning 6,400 square feet, the property was transacted at a price per square foot of $120.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $765,000
- Address: 1683-1687 St. Georges Avenue
- Market: Rahway
- SF: 6,400
- Price per SF: $120
- Broker: Daniel Lanni - Kislak
Daniel Lanni from Kislak represented the parties in this transaction, facilitating the sale of the retail property in Rahway. The deal was successfully closed on 03/27/2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,717.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,626.49
Annual Debt Service$43,517.88
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