Mohammad Mustamand Acquires Retail Property At 430 N Wood Ave In Linden For $1.7M
SOLD
$1,700,000
New Jersey
See Similar DealsRetail
Sold 01/10/2023
SOLD
Mohammad Mustamand Acquires Retail Property At 430 N Wood Ave In Linden For $1.7M
430 N Wood Ave
See Similar DealsRetail
Sold 01/10/2023
Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Sale
The retail property located at 430 N Wood Ave in Linden has been sold for $1,700,000. The property spans across 13,090 square feet, resulting in a price per square foot of $130. The transaction took place on January 10, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,700,000
- Address: 430 N Wood Ave
- Market: Linden
The buyer of the property is Mohammad Mustamand, while the seller is Cliff Cicila. The transaction was facilitated by brokers Rob DiFranco and Michael "Mike" Lombardi from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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