Bruce Jeffery Acquires Retail Property At 2550 Route 22 In Union For $1.575M
2550 Us Route 22
$1,575,000
$297/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
May 6, 2025
AI
The property asset involved in this transaction is a retail space located at 2550 Route 22 in Union. The sale was finalized for $1,575,000, encompassing a total area of 5,300 square feet, resulting in a price per square foot of $297.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,575,000
- Buyer: Bruce Jeffery
- Seller: Jeff Herrigel
- Brokers: Marc Palestina, Lew Finkelstein & CJ Huter - The Goldstein Group
- Date of Transaction: 5/7/2025
The key individuals involved in the transaction include the buyer, Bruce Jeffery, and the seller, Jeff Herrigel. The transaction was brokered by a team from The Goldstein Group, consisting of Marc Palestina, Lew Finkelstein, and CJ Huter, who facilitated the deal between the two parties.
Players
Union 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93