Vladimir Vojnovski Purchases Retail Property From John And Marilyn Cicilini For $1.55M In Wayne
2252 Paterson-Hamburg Turnpike
$1,550,000
$357/SF
Building Size
4,340 SF
Asset Type
Retail
Closing
Jul 28, 2024
AI
The property asset involved in this transaction is a retail site located at 2252 Paterson-Hamburg Turnpike in Wayne, valued at $1,550,000. The building encompasses a total area of 4,340 square feet, resulting in a price per square foot of $357. This recently constructed property houses three tenants, contributing to its steady cash flow in a robust retail market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,550,000
- Address: 2252 Paterson-Hamburg Turnpike
- Market: Wayne
- Square Footage: 4,340
- Price Per Square Foot: $357
- Buyer: Vladimir Vojnovski
- Seller: John and Marilyn Cicilini
- Broker: Patrick Varelas & Thomas Russo - The Chopper Russo - RE/MAX Select
The Chopper Russo Team at RE/MAX Select facilitated the transaction, successfully representing both the buyer and seller in the deal. Their expertise in the market was instrumental in navigating the complexities of this retail property sale.
Players
Wayne 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93