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345 North Main Street, Manv...

Elite Poke Box Acquires Retail Property In Manville, NJ For $468K
SOLDRetail

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

Max Levinston

Kislak

Broker

$11.7M

vol

7 deals

Broker

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