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223 East Saint Georges Avenue

Zimmel Associates Brokers $1.2M Sale Of Mixed-Use Buildings In Roselle At 223-235 Saint Georges Avenue
SOLDMixed-use

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

Jordan Zimmel

Zimmel Associates

Broker

$6.6M

vol

3 deals

Broker

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