Updated Oct 28, 2024
Lincoln Park Square LLC Acquires Retail Property In Lincoln Park For $1.125M
31 Boonton Turnpike, Lincoln Park, NJ, USA
$1,125,000
$196/SF
Building Size
5,725 SF
Asset Type
Retail
Closing
Feb 28, 2021
About this deal
AI
The retail property located at 31 Boonton Tpke in Lincoln Park has been sold in a recent transaction. The property, measuring 5,725 square feet, was purchased by Lincoln Park Square LLC for a price of $1,125,000. The sale price per square foot amounts to $198.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,125,000
- Square Footage: 5,725
- Price per Square Foot: $198
Lincoln Park Square LLC emerged as the buyer for this retail property. The transaction took place in Lincoln Park's market. No additional information regarding individuals or organizations involved in the deal was provided.
Players
Lincoln Park 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93