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228 59th Street (5900 Hudso...

Conurban Hudson LLC Acquires Mixed-Use Property In Hudson County For $1.75M
SOLDMixed-use

Conurban Hudson LLC Acquires Mixed-Use Property In Hudson County For $1.75M

228 59th Street (5900 Hudson Avenue)

$1,750,000

Building Size

Asset Type

Mixed-use

Closing

Apr 28, 2021

AI

Located at 228 59th Street (5900 Hudson Avenue) in Hudson County, this mixed-use property was recently sold in a closed transaction. The sale took place on April 29, 2021, with a sale price of $1,750,000. The property consists of 8 apartments and 1 retail unit, offering a total of 9 units. With an average price per unit (PPU) of $194,444, this property presents an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,750,000
  • Address: 228 59th Street (5900 Hudson Avenue), Hudson County
  • Number of Units: 9
  • PPU: $194,444

In this transaction, the buyer was Conurban Hudson LLC, while Purificion Posadas acted as the seller. Oscar Nunez from Keller Williams represented the buyer in the deal, ensuring a smooth negotiation and transaction process.

For more information, you can visit the website of Conurban Capital at http://www.conurbancapital.comwww.conurbancapital.com.

Players

Oscar Nunez

Keller Williams Realty

Broker

$10.2M

vol

5 deals

Broker
CL
Conurban Hudson LLCBuyer

West New York 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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93