Updated Dec 21, 2023
Mihir Khandhedia Acquires Retail Property On 33 Main St In Woodbridge For $1.2M
33 Main Street, Woodbridge, New Jersey 07095, United States
$1,200,000
$158/SF
Building Size
7,594 SF
Asset Type
Retail
Closing
Jul 5, 2022
About this deal
AI
The retail property located at 33 Main St in Woodbridge has been sold in a closed transaction. The property spans a total area of 7,594 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $158.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 33 Main St, Woodbridge
- Market: Woodbridge
- Buyer: Mihir Khandhedia
- Seller: Michael A Cerami
- Square Footage: 7,594
Mihir Khandhedia acted as the buyer in this transaction, while Michael A Cerami represented the seller. The deal has been successfully completed, marking a significant transaction in the Woodbridge retail market.
Players
Woodbridge 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93