Updated Dec 19, 2023
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
About this deal
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
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