Hildreth Real Estate Advisors Acquires Mixed-Use Property In Livingston, NJ For $5.2M
107 East Mount Pleasant Avenue
$5,200,000
$190/SF
Building Size
27,275 SF
Asset Type
Mixed-use
Closing
Mar 1, 2023
AI
The mixed-use property located at 107 East Mount Pleasant Avenue in Livingston, NJ has been sold for a total price of $5,200,000. The property spans a total square footage of 27,275, resulting in a price per square foot of $191. The sale took place on 03/01/2023.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $5,200,000
- Address: 107 East Mount Pleasant Avenue, Livingston, NJ
- Square Footage: 27,275
- Price Per Square Foot: $191
- Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, JD Cohen, and Yair Sarraf
- Seller: Anthony Arturi Sr.
The deal involved multiple buyers representing Hildreth Real Estate Advisors, including David Shorenstein, Jason Breitstone, JD Cohen, and Yair Sarraf. Additionally, Jake Barnes from JNL Capital Partners was involved in the transaction. The seller was Anthony Arturi Sr. This transaction represents a significant investment in the Livingston, NJ market.
Players
Market 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93