287 Livingston Street Holdings, LLC Acquires Retail Property In Edison For $3.83M
SOLD
$3,830,000
New Jersey
See Similar DealsRetail3,500 SF
Sold 04/28/2022
SOLD
287 Livingston Street Holdings, LLC Acquires Retail Property In Edison For $3.83M
946 Amboy Avenue, Edison, New Jersey 08837, United States
See Similar DealsRetail3,500 SF
Sold 04/28/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,094
Total Square Footage:3,500 SF
Transaction Type:Sale
The retail property located at 946 Amboy Ave in Edison has been sold for a price of $3,830,000. The property spans across 3,500 square feet with a price per square foot of $1,094. The transaction took place on April 28, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,830,000
- Address: 946 Amboy Ave
- Market: Edison
The buyer of the property is 287 Livingston Street Holdings, LLC, while the seller is Point Edison LLC. The deal was facilitated by Bosko Stankovic and Niko Micin from Zebra Capital and Scott Plasky from Marcus & Millichap. Bosko Stankovic and Niko Micin represented the buyer, while Scott Plasky represented the seller.
It is worth noting that the buyer was involved in a 1031 Exchange from Brooklyn, NY, as mentioned by the brokers involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,607.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,156.15
Annual Debt Service$217,873.85
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