CBRE Brokers $6.2M In NJ Real Estate Transactions With Private Investors
47 Raritan Ave, Highland Park, NJ, 08...
$1,800,000
$163/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
A retail property located at 47 Raritan Ave, Highland Park, NJ has been sold for $1,800,000.00. The property spans an area of 11,000 square feet and is fully occupied. This transaction occurred within the Highland Park market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,800,000.00
- Address: 47 Raritan Ave, Highland Park, NJ
- Square Footage: 11,000 SF
- Seller's Representatives: Nat Gambuzza - Berkadia, Steve Mariani - CBRE
- Buyer: Unknown
- Seller: Unknown
The deal involved Nat Gambuzza and Steve Mariani representing the seller and the buyer in this transaction. They are affiliated with CBRE and have been active in facilitating multiple transactions in the market, illustrating their capability as real estate professionals.
Players
Highland Park 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93