287 Livingston Street Holdings, LLC Acquires Retail Property In Edison For $3.83M
946 Amboy Avenue, Edison, New Jersey 08837, United States
$3,830,000
$1,094/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Apr 27, 2022
AI
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.
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
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93