Agus Holdings Acquires Retail Property In Englewood, NJ For $1.55M
SOLD
$1,550,000
New Jersey
See Similar DealsRetail5,076 SF
Sold 05/04/2023
SOLD
Agus Holdings Acquires Retail Property In Englewood, NJ For $1.55M
49 E Palisade Ave Englewood, NJ 07631, USA
See Similar DealsRetail5,076 SF
Sold 05/04/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$305
Total Square Footage:5,076 SF
Transaction Type:Sale
The retail property located at 49 East Palisade Avenue in Englewood, NJ has been sold. The property spans 5,076 square feet and was sold for a total price of $1,550,000, resulting in a price per square foot of $305.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Square Feet: 5,076
- Price per Square Foot: $305
- Address: 49 East Palisade Avenue, Englewood, NJ
- Market: Englewood, NJ
The buyer of the property is Agus Holdings, represented by Adam Agus and Meyer Tawil. The seller is Dr. Michael Rosenberg.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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