Updated Oct 28, 2024
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
About this deal
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.
On the Map
$2,900,000
$228/SF
Retail
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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