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2105 US Highway 1, Rahway, ...

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 Highway 1, Rahway, New Jersey 07065, United States

$1,400,000

$1,400,000/SF

Building Size

1 SF

Asset Type

Retail

Closing

Oct 13, 2022

AI

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.

Players

Matt Grundy

Ripco

Broker

$4.9M

vol

5 deals

Broker
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