Arie Wilensky Acquires Retail Property In East Orange For $2.9M
SOLD
$2,900,000
New Jersey
See Similar DealsRetail12,682 SF
Sold 11/22/2021
SOLD
Arie Wilensky Acquires Retail Property In East Orange For $2.9M
325 Central Ave, East Orange, NJ, USA
See Similar DealsRetail12,682 SF
Sold 11/22/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$228
Total Square Footage:12,682 SF
Transaction Type:Sale
Located at 325 Central Ave in East Orange, this retail property was recently sold in a closed transaction. The property spans 12,682 square feet and is situated in a bustling market.
Summary of Transaction Details:
- Property Type: Retail
- Sale Price: $2,900,000
- Price per Square Foot: $229
- Cap Rate: 7.4%
- Buyer: Arie Wilensky
- Seller: East Orange Retail Holdings, LLC
- Broker: Mario Brunelli - R.J. Brunelli & Co., LLC
The deal was facilitated by Mario Brunelli of R.J. Brunelli & Co., LLC, who represented both the buyer and the seller in the transaction. Mario's expertise in the East Orange market contributed to the successful sale of this retail property.
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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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