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33 US-206, Stanhope, NJ 078...

Updated Jul 31, 2025

Byram Waterloo LLC Acquires Retail Property In Stanhope, NJ From Santander Bank NA For $700,000
SOLDRetail

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

Santander Bank
Santander BankLender

Stanhope Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $291 per square foot on a published $700K for 2,400 square feet (2022).

Browse New Jersey retail sales on Traded.

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

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