Daniel Lanni Facilitates $765K Retail Sale On St. Georges Avenue In Rahway
1683 Saint George's Avenue & 1687 Saint George's Avenue
$765,000
$59/SF
Building Size
12,800 SF
Asset Type
Retail
Closing
Mar 27, 2024
AI
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.
Players
Rahway 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
20.74%
Cash-on-Cash
-5.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93