Arie Wilensky Acquires Retail Property In East Orange For $2.9M
325 Central Ave, East Orange, NJ, USA
$2,900,000
$228/SF
Building Size
12,682 SF
Asset Type
Retail
Closing
Nov 22, 2021
AI
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.
Players
East Orange 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93