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400 State Route 10, Randolp...

Dr. Yechiel Zagelbaum & Mr. Ari Gluck Acquire Retail Property On State Route 10, Randolph, NJ
SOLDRetail

Dr. Yechiel Zagelbaum & Mr. Ari Gluck Acquire Retail Property On State Route 10, Randolph, NJ

400 State Route 10, Randolph, NJ, USA

$1,650,000

$137/SF

Building Size

12,000 SF

Asset Type

Retail

Closing

Mar 10, 2021

AI

Located at 400 State Route 10 in Randolph, NJ, this retail property was recently sold in a transaction on 03/11/2021. The property spans 12,000 square feet and was sold for a price of $1,650,000, resulting in a price per square foot of $138. The seller of the property was Roy Pascal.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,650,000
  • Address: 400 State Route 10, Randolph, NJ
  • Market: Randolph, NJ
  • Buyer: Dr. Yechiel Zagelbaum & Mr. Ari Gluck (MAY Medical LLC)
  • Seller: Roy Pascal
  • Buyer's Representative: Josh Augenbaum - Augenbaum Realty Corp
  • Seller's Representative: Deborah Myers - Newmark Associates

The buyer, Dr. Yechiel Zagelbaum, and Mr. Ari Gluck, representing MAY Medical LLC, acquired the property. On the other side of the deal, Roy Pascal acted as the seller. Notably, the buyer was represented by Josh Augenbaum from Augenbaum Realty Corp, while Deborah Myers from Newmark Associates represented the seller.

Augenbaum Realty Corp, the buyer's representative, expressed interest in leasing part of the site to be situated near a thriving urgent care facility. To inquire about leasing opportunities, interested parties are encouraged to contact Josh Augenbaum at [email protected].

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
Roy Pascal

Roy Pascal

Seller

$61.8M

vol

13 deals

Seller

Randolph 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93