Arie Wilensky Acquires Retail Property In East Orange, NJ For $2.9M
SOLD
$2,900,000
New Jersey
See Similar DealsRetail40,075 SF
Sold 09/30/2021
SOLD
Arie Wilensky Acquires Retail Property In East Orange, NJ For $2.9M
252-358 Central Ave, East Orange, NJ, USA
See Similar DealsRetail40,075 SF
Sold 09/30/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$72
Total Square Footage:40,075 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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