Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Howell Retail Property On Route 9 For $2.8M
4651 US Route 9, Howell, New Jersey 07726, United States
$2,800,000
$509/SF
Building Size
5,495 SF
Asset Type
Retail
Closing
Jul 20, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 4651 Route 9 in Howell. The transaction took place on 07/21/2022, and the property was sold for $2,800,000. The total square footage of the property is 5,495, resulting in a price per square foot of $510.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 4651 Route 9, Howell
- Market: Howell
The brokers involved in this deal were Alan Cafiero, Brent Hyldahl, and Seth Goldberg from Marcus & Millichap. They represented the parties involved in the transaction.
Players
Howell 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93