Updated May 13, 2026
Steven Siegel Of Marcus & Millichap Represents Seller In $9M Retail Sale In Edgewater
65 River Road
Building Size
13,361 SF
Asset Type
Retail
Closing
Mar 9, 2026
About this deal
AI
A 13,361-square-foot retail property located at 65 River Road in Edgewater, New Jersey, has been sold for $9 million. The asset is occupied by a CVS and is under a ground lease that runs through 2035. The price per square foot for this transaction amounts to $674.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 65 River Road
- Market: Edgewater
- Square Footage: 13,361
- Price per Square Foot: $674
- Ground Lease Term: Through 2035
- Broker: Steven Siegel - Marcus & Millichap
Steven Siegel of Marcus & Millichap represented the seller in this transaction, facilitating the sale to a private investor who acquired the property. The deal reflects the ongoing interest in retail assets in the Edgewater market.
On the Map
Retail
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Players
Edgewater Retail Market Snapshot
Boundary boundary · Retail · All transaction types transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93