Carey Tajfel Acquires Store In Edison, NJ From Jeffrey B Markovitz For $4.4M
SOLD
$4,407,500
New Jersey
See Similar DealsRetail2,878 SF
Sold 03/21/2022
SOLD
Carey Tajfel Acquires Store In Edison, NJ From Jeffrey B Markovitz For $4.4M
8 Cornwall Drive, Edison, New Jersey 08820, United States
See Similar DealsRetail2,878 SF
Sold 03/21/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,531
Total Square Footage:2,878 SF
Transaction Type:Sale
Located at 8 Cornwall Dr in Edison, NJ, this store has been sold in a recent transaction. The property was sold on March 21, 2022, for a price of $4,407,500. The store is situated in the Edison market and is an asset type store.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $4,407,500
- Address: 8 Cornwall Dr, Edison, NJ
- Market: Edison, NJ
The buyer of the property is Carey Tajfel, while the seller is Jeffrey B Markovitz.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$235,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,658.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,893.80
Annual Debt Service$250,725.58
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