Elite Poke Box Acquires Retail Property In Manville, NJ For $468K
345 North Main Street, Manville, New Jersey 08835, United States
$468,000
$156/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 19, 2021
AI
The retail property located at 345 N Main St in Manville, NJ has been sold. The transaction was facilitated by Max Levinston of Kislak Realty. The buyer, Elite Poke Box, acquired the property from the sellers, Gene & Jack Moravek, for a sale price of $468,000. The property spans 3,000 square feet, resulting in a price per square foot of $156. This transaction took place on November 19, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $468,000
- Address: 345 N Main St, Manville, NJ
- Market: Manville, NJ
- Buyer: Elite Poke Box
- Seller: Gene & Jack Moravek
- Broker: Max Levinston - Kislak Realty
- Square Footage: 3,000
- Price per Square Foot: $156
This property offers the best visibility in town, situated at the corner of a four-way lighted intersection.
Players
Manville 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
33.90%
Cash-on-Cash
-9.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93