Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsRetail1,820 SF
Sold 10/13/2022
SOLD
Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M
2105 US-1, Rahway, NJ 07065, USA
See Similar DealsRetail1,820 SF
Sold 10/13/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$769
Total Square Footage:1,820 SF
Transaction Type:Sale
The retail property located at 2105 US-1 in Rahway, NJ has been sold in a closed transaction for a price of $1,400,000. The property spans 1,820 square feet, resulting in a price per square foot of $769.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 2105 US-1, Rahway, NJ
- Market: Rahway, NJ
- Square Footage: 1,820
The buyer of the property is Krispin Realty LLC, while KA Rahway LLC acted as the seller. Matt Grundy from RIPCO Real Estate represented the seller as their broker. The transaction was facilitated by Matt Grundy, the Managing Director of Ripco Real Estate LLC, who can be contacted at [email protected] or 201-777-2300.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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