Seagate Asset Management Acquires Mixed-use Property In Newark, NJ For $1.9M
182 Ferry Street, Staten Island, NY 10302, USA
$1,900,000
$817/SF
Building Size
2,324 SF
Asset Type
Mixed-use
Closing
Oct 5, 2021
AI
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].
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93