Updated Oct 29, 2024
Conurban Hudson LLC Acquires Mixed-Use Property In Hudson County For $1.75M
228 59th Street (5900 Hudson Avenue)
$1,750,000
Units
9
Asset Type
Mixed-use
Closing
Apr 28, 2021
About this deal
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.
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