Updated Dec 21, 2023
Joshua Weingarton Acquires Retail Property In East Orange, NJ For $1.25M
505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States
$1,250,000
Building Size
—
Asset Type
Retail
Closing
Mar 7, 2022
About this deal
AI
A retail property located in East Orange, NJ has been sold for $1,250,000. The transaction took place on March 8, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,250,000
- Address: Not available
- Market: East Orange, NJ
Joshua Weingarton has acquired the property from Nesseta Rambaran.
Please note that no additional details about the property or the individuals involved in the transaction were provided.
The retail sale at 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States in East Orange, New Jersey sold for $1.3M in 2022. 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States is classified as Retail on Traded. Named participants on the 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States sale are Joshua Weingarton. This page is the East Orange, New Jersey file for the 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States retail sold: pricing, party profiles, and other closed retail comps from the same East Orange sit in the Market section below. Filter that East Orange retail set by closing date to see what else sold near 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States around 2022. Published consideration for 505 Dr. Martin Luther King Jr Boulevard, East Orange, New Jersey 07018, United States is $1.3M, dated 2022. Cite this Joshua Weingarton Acquires Retail Property In East Orange, NJ For $1.25M sale when underwriting similar retail product around East Orange, New Jersey.
Players
East Orange 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93