Stephen Cheung Acquires Retail Property In Manville For $4.4M With Reps DiFranco & Lombardi
321 S Main St Manville, NJ 08835, USA
$4,400,000
$318/SF
Building Size
13,827 SF
Asset Type
Retail
Closing
May 26, 2023
AI
The retail property located at 321 South Main Street in Manville has been sold in a closed transaction. The property spans 13,827 square feet and was sold for a price of $4,400,000, resulting in a price per square foot of $318. The transaction took place on May 26, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,400,000
Stephen Cheung purchased the property from Jerry Johnson. The deal was facilitated by brokers Rob DiFranco and Michael "Mike" Lombardi from Horvath & Tremblay.
Players
New Jersey 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93