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2010 2012 Morris Avenue

Mixed-use Property Sold In Union For $2.35M With Brokers Stephen R. Preuss Sr. And Team
SOLDMixed-use

Mixed-use Property Sold In Union For $2.35M With Brokers Stephen R. Preuss Sr. And Team

2010 2012 Morris Avenue

$2,350,000

$163/SF

Building Size

14,365 SF

Asset Type

Mixed-use

Closing

Aug 24, 2025

AI

A mixed-use property located at 2010-2012 Morris Avenue in Union has been sold for $2,350,000. The property encompasses a total area of 14,365 square feet, resulting in a price per square foot of $163.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,350,000
  • Address: 2010-2012 Morris Avenue
  • Market: Union
  • Square Footage: 14,365
  • Price per Square Foot: $163

This transaction involved multiple brokers from Ripco, namely Stephen R. Preuss Sr., Kevin Louie, Eric Delafraz, Lisa Rica, and David Morrow, who facilitated the sale of the property.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

129 deals

Broker
Ripco
RipcoBrokerage

Union 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93