SOLDRetail
Carey Tajfel Acquires Store In Edison, NJ From Jeffrey B Markovitz For $4.4M
8 Cornwall Drive, Edison, New Jersey 08820, United States
$4,407,500
$1,531/SF
Building Size
2,878 SF
Asset Type
Retail
Closing
Mar 20, 2022
AI
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.
Players
Edison 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
3.60%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93