Updated Jun 19, 2025
Anthony Berardi Purchases Retail Asset From Melanie Donnelly In Sparta For $1.1M
37 Theatre Center
$1,100,000
$53/SF
Building Size
20,680 SF
Asset Type
Retail
Closing
Mar 22, 2025
About this deal
AI
This retail asset located at 37 Theatre Center in Sparta, New Jersey was successfully sold for $1,100,000. The property encompasses a total square footage of 20,680, leading to a price per square foot of $53. The transaction involved an environmentally challenged asset, which presented complexities during the sale process.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,100,000
- Buyer: Anthony Berardi
- Seller: Melanie Donnelly
- Broker: Dennis Giammetta - Newmark Associates
- Sale Date: 3/23/2025
Broker Dennis Giammetta successfully facilitated this off-market sale, connecting Anthony Berardi with seller Melanie Donnelly. The transaction was completed smoothly despite the environmental challenges associated with the property.
On the Map
$1,100,000
$53/SF
Retail
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Players
Sparta 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93