David Fisher Acquires Retail Property In Ewing From Samir Kotadia For $3.78M
SOLD
$3,780,000
+ 1
New Jersey
See Similar DealsRetail17,790 SF
Sold 06/27/2022
SOLD
David Fisher Acquires Retail Property In Ewing From Samir Kotadia For $3.78M
962 North Olden Avenue
See Similar DealsRetail17,790 SF
Sold 06/27/2022
+ 1
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:17,790 SF
Transaction Type:Sale
The retail property located at 1962 N Olden Ave Ext in Ewing was recently sold for a price of $3,780,000. The property spans a total area of 17,790 square feet, resulting in a price per square foot of $212. The transaction took place between the buyer, David Fisher, and the seller, Samir Kotadia.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,780,000
- Address: 1962 N Olden Ave Ext
- Market: Ewing
The transaction was facilitated by the broker team consisting of Josh Cordray, Michael Moreno, and Rahul Chhajed from Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$201,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,429.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,919.13
Annual Debt Service$215,029.54
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