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1120 East Saint Georges Ave...

Marcus & Millichap Capital Corp Arranges $17.25M Loan For Mixed-Use Property In Linden, NJ
FINANCEDMixed-use

Marcus & Millichap Capital Corp Arranges $17.25M Loan For Mixed-Use Property In Linden, NJ

1120 East Saint Georges Avenue, Linden, NJ 07036, USA

$17,250,000

$215/SF

Building Size

80,000 SF

Asset Type

Mixed-use

Closing

Jun 4, 2020

AI

1120 East Saint Georges Ave in Linden, NJ has been the subject of a recent closed transaction. This mixed-use property, located in the market of Linden, NJ, has garnered attention due to its attractive features and potential for various uses.

Summary of transaction details:

  • Property Type: Mixed-use
  • Loan Amount: $17,250,000
  • Units: 113

Joseph Belgiovine from Marcus & Millichap Capital Corp played a significant role in this transaction as the broker representing the involved parties. With their expertise and guidance, the deal for 1120 East Saint Georges Ave was successfully closed.

This transaction highlights the value and potential of the mixed-use property market in Linden, NJ. The loan amount of $17,250,000 demonstrates the confidence in the property's potential for generating revenue. With 113 units available, the property offers ample opportunities for various types of tenants and businesses.

Players

Joseph Belgiovine

Providence Real Estate Advisors

Broker

$135.4M

vol

8 deals

Broker

Linden Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93