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107 East Mount Pleasant Avenue

Hildreth Real Estate Advisors Acquires Mixed-Use Property In Livingston, NJ For $5.2M
SOLDMixed-use

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

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer
Hildreth Real Estate Advisors
Hildreth Real Estate AdvisorsBuyer

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