Isaac Nussbaum Of The Nussbaum Team Closes $2.6M Retail Sale In Toms River
SOLD
$2,600,000
New Jersey
See Similar DealsRetail12,153 SF
Sold
SOLD
Isaac Nussbaum Of The Nussbaum Team Closes $2.6M Retail Sale In Toms River
1726 New Jersey Highway 37
See Similar DealsRetail12,153 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:12,153 SF
Transaction Type:Sale
The retail property located at 1726 New Jersey Highway 37 in Toms River, NJ, was recently sold for $2,600,000. The property spans 12,153 square feet, translating to a price per square foot of $214.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 1726 New Jersey Highway 37, Toms River, NJ
- Market: Toms River, NJ
- Buyer's Rep: Isaac "Yitzi" Nussbaum - The Nussbaum Team - Real Broker
Isaac "Yitzi" Nussbaum from The Nussbaum Team at Real Brokerrepresented the buyer in this transaction for the retail property in Toms River, NJ.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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