Updated Dec 21, 2023
Howard Stipe Acquires Retail Property In Colonia For $1.5M
622 Inman Ave, Colonia, NJ, USA
$1,500,000
$279/SF
Building Size
5,369 SF
Asset Type
Retail
Closing
Mar 28, 2021
About this deal
AI
The retail property located at 622 Inman Ave in Colonia has been sold for $1,500,000. The property spans 5,369 square feet, resulting in a price per square foot of $279. The transaction involves a total of 4 units, with a price per unit of $375,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 622 Inman Ave
- Market: Colonia
- Square Footage: 5,369
- Price per Square Foot: $279
- Units: 4
- Price per Unit: $375,000
Howard Stipe is the buyer in this transaction. No information is provided about the seller.
Players
Colonia 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93