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1-3 Broad Street, Elizabeth...

Henry Beltran Acquires Mixed-Use Property In Elizabeth, NJ For $1.5M
SOLDMixed-use

Henry Beltran Acquires Mixed-Use Property In Elizabeth, NJ For $1.5M

1-3 Broad Street, Elizabeth, NJ, USA

$1,500,000

$166/SF

Building Size

9,000 SF

Asset Type

Mixed-use

Closing

Sep 2, 2021

AI

Located in Elizabeth, NJ, the mixed-use property at 1-3 Broad Street recently changed hands in a closed transaction. The deal was concluded on 09/02/2021, with a sale price of $1,500,000. The property spans across 9,000 square feet, resulting in a price per square foot of $167.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,500,000
  • Address: 1-3 Broad Street, Elizabeth, NJ
  • Market: Elizabeth, NJ

The buyer of the property was Henry Beltran, while Joseph Althkefati acted as the seller. Representing the seller, Joseph Althkefati, was Josh Augenbaum from Augenbaum Realty Corp.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

Joseph Althkefati

Seller

$37.1M

vol

10 deals

Seller

Elizabeth 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93