Seagate Asset Management Acquires Mixed-use Property In Newark, NJ For $1.9M
SOLD
New York
See Similar DealsMixed-use2,324 SF
Sold 10/05/2021
SOLD
Seagate Asset Management Acquires Mixed-use Property In Newark, NJ For $1.9M
182 Ferry Street, Staten Island, NY 10302, USA
See Similar DealsMixed-use2,324 SF
Sold 10/05/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$817
Total Square Footage:2,324 SF
Transaction Type:Sale
Located at 182 Ferry Street in Newark, NJ, a mixed-use property was recently sold for $1,900,000. The property spans 2,324 square feet, resulting in a price per square foot of $817. The transaction took place on October 5, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Address: 182 Ferry Street, Newark, NJ
- Market: Newark, NJ
The buyer, Seagate Asset Management, represented by Jason Hoffman, is actively seeking mixed-use properties in high-traffic shopping districts of NYC, The Boroughs, and Northern NJ. Interested parties can reach out to Jason Hoffman at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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