Updated Jul 31, 2025
Byram Waterloo LLC Acquires Retail Property In Stanhope, NJ From Santander Bank NA For $700,000
33 US-206, Stanhope, NJ 07874, USA
$700,000
$291/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Nov 8, 2022
About this deal
AI
The retail property located at 33 US-206 in Stanhope, NJ has been sold. The transaction took place on November 8, 2022. The property spans a total area of 2,400 square feet and was purchased for $700,000, resulting in a price per square foot of $292.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $700,000
- Address: 33 US-206, Stanhope, NJ
- Market: Stanhope, NJ
The buyer, Byram Waterloo LLC, acquired the property from Santander Bank NA. Representing the buyer in this transaction were Matt Grundy, Curtis Nassau, and Patrick Brake from Ripco Real Estate LLC. On the seller's side, Dean Telepis and Joe Brendel from Nemwark served as the representatives.
For any inquiries regarding the transaction, Matt Grundy, the Managing Director at Ripco Real Estate LLC, can be contacted via email at [email protected] or by phone at 201-777-2300.
Players
Stanhope 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
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93