Conurban Hudson LLC Acquires Mixed-Use Property In West New York, NJ For $1.75M
SOLD
$1,750,000
New Jersey
See Similar DealsMixed-use
Sold 04/29/2021
SOLD
Conurban Hudson LLC Acquires Mixed-Use Property In West New York, NJ For $1.75M
228 59th Street
See Similar DealsMixed-use
Sold 04/29/2021
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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