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
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