Updated Oct 28, 2024
Valley Bank Provides $10M Loan For Mixed-Use Property At 445-461 Livingston Street In Norwood
445 Livingston Street, Norwood, New Jersey 07648, United States
$10,000,000
$241/SF
Building Size
41,463 SF
Asset Type
Mixed-use
Closing
Sep 20, 2022
About this deal
AI
The mixed-use property located at 445-461 Livingston Street in Norwood has been involved in a closed transaction. The property consists of 32 units with a total square footage of 41,463. The transaction took place on 09/21/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 445-461 Livingston Street, Norwood
- Market: Norwood
- Units: 32
- Square Footage: 41,463
The loan for this transaction was provided by Valley Bank. The loan amount was $10,000,000, and the loan terms are a 10-year fixed-rate loan.
The landlord of the property is Maxim Realty Trust, represented by Gerry A. Puccio. The broker involved in the deal was Gregory Nalbandian from JLL Capital Markets.
On the Map
$10,000,000
$241/SF
Mixed-use
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Players
Norwood 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93