David Shorenstein Acquires Mixed-Use Property On 289 Main Street In Huntington Village For $1M
289 Main St, Spotswood, Nj 08884, Usa
$1,000,000
$39/SF
Building Size
25,280 SF
Asset Type
Mixed-use
Closing
Feb 12, 2020
About this deal
AI
The mixed-use property located at 289 Main Street in Huntington Village has been sold for $1,000,000. The property spans 2,528 square feet, resulting in a price per square foot of $396. It consists of two units, making it an attractive investment asset in the area.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Address: 289 Main Street
- Market: Huntington Village
- Square Footage: 2,528
- Price per Square Foot: $396
- Number of Units: 2
The seller of the property was the Weisberg Family. The buyers, represented by David Shorenstein and Jason Breitstone of Hildreth Real Estate Advisors, successfully acquired the property. Michael Gronenthal, from Douglas Elliman, acted as the broker in this transaction.
Players
Spotswood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93