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403-411 Goffle Road

Marcus & Millichap Sells Retail Center On Goffle Road In Wyckoff For $4.28M
SOLDRetail

Marcus & Millichap Sells Retail Center On Goffle Road In Wyckoff For $4.28M

403-411 Goffle Road

$4,275,000

Building Size

Asset Type

Retail

Closing

Jan 2, 2025

AI

This transaction involved the sale of a retail center located at 403-411 Goffle Road in Wyckoff, New Jersey. The property, which was built in 1990 and underwent renovations in 2020, spans 10,192 square feet. It was sold for $4,275,000 and is anchored by JAG-ONE Physical Therapy, hosting a mix of local service tenants.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,275,000
  • Address: 403-411 Goffle Road
  • Market: Wyckoff
  • Property Size: 10,192 square feet
  • Year Built: 1990
  • Year Renovated: 2020
  • Anchoring Tenant: JAG-ONE Physical Therapy

The sale was facilitated by John Moroz, David Cafiero, and Alan Cafiero of Marcus & Millichap, who represented the parties involved in this transaction. Their expertise contributed to the successful closing of this retail asset sale.

Players

Alan Cafiero

Marcus & Millichap

Broker

$763.8M

vol

100 deals

Broker

Wyckoff 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

3.71%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93