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802 Nj-15, Jefferson, NJ, 0...

Updated Oct 29, 2024

Gardners Shed Acquires 6000 SF Property In Jefferson With Rep Joseph Vindigni Of NAI James E. Hanson
SOLDRetail

Gardners Shed Acquires 6000 SF Property In Jefferson With Rep Joseph Vindigni Of NAI James E. Hanson

802 Nj-15, Jefferson, NJ, 07849

Building Size

6,000 SF

Asset Type

Retail

Closing

Nov 20, 2023

About this deal

AI

The property asset involved in the transaction is a retail building located at 802 Nj-15, Jefferson, NJ, within the Lake Hopatcong market. The building encompasses a total area of 6,000 square feet and consists of seven rentable units. It also features ample parking and offers 50 feet of lake access.

Summary of transaction details:

  • Property Type: Retail Building
  • Transaction Amount: Not disclosed
  • Address: 802 Nj-15, Jefferson, NJ, 07849
  • Market: Lake Hopatcong
  • Seller's Representative: Joseph Vindigni, NAI James E. Hanson
  • Buyer: Gardners Shed

Joe Vindigni of NAI James E. Hanson represented the seller, BD Newhouse LLC, in this transaction. The buyer, Gardners Shed, intends to occupy a portion of the building while utilizing the remainder as an income-producing investment property. NAI Hanson stated that the property’s strategic location and variety of tenants contributed to the investment opportunity in this market.

Players

Joseph Vindigni

NAI Global

Broker

3 deals

Broker

Lake Hopatcong 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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