Updated Oct 29, 2024
Anil Bansal Acquires Retail Property In Sussex, NJ For $1.05M
70-72 East Main Street, Sussex, NJ, USA
$1,050,000
$49/SF
Building Size
21,236 SF
Asset Type
Retail
Closing
Jan 10, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 70-72 East Main Street in Sussex, NJ. The property spans 21,236 square feet and was sold for a price of $1,050,000, resulting in a price per square foot of $49. The sale took place on 01/11/2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $1,050,000
- Square Footage: 21,236
- Price per Square Foot: $49
- Address: 70-72 East Main Street, Sussex, NJ
- Market: Sussex, NJ
The buyer of the property is Anil Bansal, while the seller is Sussex Plaza Realty LLC. The transaction was facilitated by Chris Conway from retail_cre.
Players
Sussex 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93