Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsRetail1 SF
Sold 10/13/2022
SOLD
Krispin Realty LLC Acquires Retail Property In Rahway, NJ For $1.4M
2105 US Highway 1, Rahway, New Jersey 07065, United States
See Similar DealsRetail1 SF
Sold 10/13/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,400,000
Total Square Footage:1 SF
Transaction Type:Sale
The retail property located at 2105 US-1 in Rahway, NJ has been sold 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
The buyer of the property is Krispin Realty LLC, while the seller is KA Rahway LLC. The seller was represented by Matt Grundy from RIPCO Real Estate. Matt Grundy, as the seller's representative, played a key role in facilitating the transaction. You can contact Matt Grundy at [email protected] or by phone at 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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