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Mixed-Use Property Sold For $2M In Nutley With Horvath & Tremblay As Brokers
SOLD
$2,000,000
New Jersey
See Similar DealsMixed-use
Sold 11/13/2025
SOLD
Mixed-Use Property Sold For $2M In Nutley With Horvath & Tremblay As Brokers
21 Franklin Avenue
See Similar DealsMixed-use
Sold 11/13/2025
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
A 10-unit mixed-use property located at 21 Franklin Avenue in Nutley, New Jersey, was sold for $2,000,000. This two-story building spans 7,000 square feet and consists of eight residential units and two retail spaces on a 0.23-acre lot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,000,000
- Units: 10
- Price Per Unit: $200,000
- Address: 21 Franklin Avenue
- Market: Nutley
- Asset Type: Mixed-use
- Acres: 0.23
The transaction was brokered by Michael Lombardi and Michael Agrifolio from Horvath & Tremblay, who represented both the seller and the buyer in this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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