Updated Oct 28, 2024
Arie Wilensky Acquires Retail Property In East Orange, NJ For $2.9M
252-358 Central Ave, East Orange, NJ, USA
$2,900,000
$72/SF
Building Size
40,075 SF
Asset Type
Retail
Closing
Sep 30, 2021
About this deal
AI
A retail property located at 252-358 Central Ave in East Orange, NJ, was recently sold in Central Jersey. The property spans approximately 0.92 acres and was sold on 09/30/2021.
Summary of transation details
- Property Type: Retail
- Sale Price: $2,900,000
- Market: Central Jersey, East Orange, NJ
The buyer of the property was Arie Wilensky, while the seller was East Orange Retail Holdings LLC. The transaction was facilitated by Mario Brunelli from RJBCO acting as the broker.
The retail sale at 252-358 Central Ave, East Orange, NJ, USA in East Orange, New Jersey sold for $2.9M in 2021. The building is 40,075 square feet, implying about 72 per square foot on the published price. Named participants on the 252-358 Central Ave, East Orange, NJ, USA sale are Mario Brunelli, Arie Wilensky. This page is the East Orange, New Jersey file for the 252-358 Central Ave, East Orange, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same East Orange sit in the Market section below. Filter that East Orange retail set by closing date to see what else sold near 252-358 Central Ave, East Orange, NJ, USA around 2021. Published consideration for 252-358 Central Ave, East Orange, NJ, USA is $2.9M, dated 2021. Cite this Arie Wilensky Acquires Retail Property In East Orange, NJ For $2.9M sale when underwriting similar retail product around East Orange, New Jersey.
Players
East Orange Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93