Mixed-use Property Sold In Union For $2.35M With Brokers Stephen R. Preuss Sr. And Team
SOLD
$2,350,000
+ 2
New Jersey
See Similar DealsMixed-use14,365 SF
Sold 08/25/2025
SOLD
Mixed-use Property Sold In Union For $2.35M With Brokers Stephen R. Preuss Sr. And Team
2010 2012 Morris Avenue
See Similar DealsMixed-use14,365 SF
Sold 08/25/2025
+ 2
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$163
Total Square Footage:14,365 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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