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

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SOLD
$5,200,000

New Jersey

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Mixed-use27,275 SF
Sold 03/01/2023
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Property Image
SOLD

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

107 East Mount Pleasant Avenue

See Similar Deals
Mixed-use27,275 SF
Sold 03/01/2023
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$190
Total Square Footage:27,275 SF
Transaction Type:Sale

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
60 deals$187.3M volume
BUYER

Jason Breitstone
Hildreth Real Estate Advisors
35 deals$130.8M volume
BUYER

Yair Sarraf
Hildreth Real Estate Advisors
13 deals$49M volume
BUYER

Hildreth Real Estate Advisors
BUYER

Details

SOLD
IMAGE: David Shorenstein, Jason Breitstone, Jake Barnes, Yair Sarraf & JD Cohen DATE: 03/01/2023 ADDRESS: 107 East Mount Pleasant Avenue MARKET: Livingston, NJ ASSET TYPE: Mixed-Use BUYER: Hildreth Real Estate Advisors (@Hildreth.Advisors) - David Shorenstein (@Shoreshot1), Jason Breitstone (@Jabstone), JD Cohen (@Cohen_Capital) & Yair Sarraf (@Yair_Sarraf); Jake Barnes (@J.Barnes27) - JNL Capital Partners SELLER: Anthony Arturi Sr. SALE PRICE: $5,200,000 SF: 27,275 ~ PPSF: $191

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83