CBRE Brokers $6.2M In NJ Real Estate Transactions With Private Investors
SOLD
$1,800,000
New Jersey
See Similar DealsRetail11,000 SF
SOLD
CBRE Brokers $6.2M In NJ Real Estate Transactions With Private Investors
47 Raritan Ave, Highland Park, NJ, 08...
See Similar DealsRetail11,000 SF
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$163
Total Square Footage:11,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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