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2105 US-1, Rahway, NJ 07065...

Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M
SOLDRetail

Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M

2105 US-1, Rahway, NJ 07065, USA

$1,400,000

$769/SF

Building Size

1,820 SF

Asset Type

Retail

Closing

Oct 13, 2022

AI

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.

Players

KL
Krispin Realty LLCBuyer
KL
KA Rahway LLCSeller

Rahway Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93