SOLDMixed-use
Conurban Hudson LLC Acquires Mixed-Use Property In West New York, NJ For $1.75M
228 59th Street
$1,750,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 29, 2021
AI
A mixed-use property located at 228 59th St in West New York, NJ, was recently sold. The transaction took place on April 29, 2021. The property, owned by Purificacion Posadas, was sold to Conurban Hudson LLC. The sale was facilitated by Oscar Nunez from Keller Williams City Life JC.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Units: 9
- Price per Unit: $194,444
Oscar Nunez, representing Keller Williams City Life JC, played a key role in the deal.
Sea Isle City 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