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
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.
Players
East Orange 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93