Updated Oct 29, 2024
St. Mary & Archangel Raphael Church Acquires Retail Property For $2.6M In South Amboy, NJ
8 Old Road, South Amboy, NJ, USA
$2,600,000
$118/SF
Building Size
22,000 SF
Asset Type
Retail
Closing
Jan 26, 2021
About this deal
AI
The retail property located at 8 Old Road in South Amboy, NJ has been sold. The property spans 22,000 square feet and was sold for a total price of $2,600,000, resulting in a price per square foot of $118. The transaction took place on January 27, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 8 Old Road, South Amboy, NJ
- Market: South Amboy, NJ
The buyer of the property is St. Mary & archangel Raphael Church, while the seller is Patel Cash & Carry Inc. The deal was facilitated by Chris Conway from Retail_Cre.
South Amboy 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93