Zimmel Associates Brokers $1.2M Sale Of Mixed-Use Buildings In Roselle At 223-235 Saint Georges Avenue
223 East Saint Georges Avenue & 235 East Saint Georges Avenue
$1,200,000
$114/SF
Building Size
10,526 SF
Asset Type
Mixed-use
Closing
Jul 18, 2024
AI
The mixed-use property located at 223-235 Saint Georges Avenue in Roselle was sold for $1,200,000. The total square footage of the asset is 5,263, equating to a price per square foot of $228. This sale involves two buildings, which include a Jiffy Lube and additional residential units along with a hair salon.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Square Footage: 5,263
- Price per Square Foot: $228
- Address: 223-235 Saint Georges Avenue
- Market: Roselle
- Broker: Jordan Zimmel - Zimmel Associates
Zimmel Associates facilitated the transaction, which represents the final divestment of the owner's portfolio on that street. The identity of the buyer remains undisclosed.
Players
Roselle 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93