Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Little Silver Retail Property For $3M
625 Branch Avenue, Little Silver, New Jersey 07739, United States
$3,000,000
$378/SF
Building Size
7,920 SF
Asset Type
Retail
Closing
Sep 13, 2022
About this deal
AI
The retail property located at 625 Branch Ave in Little Silver has been sold for $3,000,000. The property spans 7,920 square feet, resulting in a price per square foot of $379.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Date: 09/14/2022
- Address: 625 Branch Ave
- Market: Little Silver
The sale was facilitated by Alan Cafiero, Brent Hyldahl, and Seth Goldberg from Marcus & Millichap.
The retail sale at 625 Branch Avenue, Little Silver, New Jersey 07739, United States in Little Silver, New Jersey sold for $3M in 2022. The building is 7,920 square feet, implying about 378 per square foot on the published price. Seth Goldberg, Brent Hyldahl, Alan Cafiero, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Little Silver, New Jersey file for the 625 Branch Avenue, Little Silver, New Jersey 07739, United States retail sold: pricing, party profiles, and other closed retail comps from the same Little Silver sit in the Market section below. Filter that Little Silver retail set by closing date to see what else sold near 625 Branch Avenue, Little Silver, New Jersey 07739, United States around 2022. Published consideration for 625 Branch Avenue, Little Silver, New Jersey 07739, United States is $3M, dated 2022. Cite this Marcus & Millichap Brokers Sell Little Silver Retail Property For $3M sale when underwriting similar retail product around Little Silver, New Jersey.
Players
Little Silver 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93