Tom Misuraca & James Conticello Acquire Mixed-Use Property In Nutley For $1.375M
SOLD
$1,375,000
New Jersey
See Similar DealsMixed-use
Sold 06/17/2022
SOLD
Tom Misuraca & James Conticello Acquire Mixed-Use Property In Nutley For $1.375M
250 High Street, Nutley, New Jersey 07110, United States
See Similar DealsMixed-use
Sold 06/17/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
The mixed-use property located at 250 High St in Nutley has been sold for a price of $1,375,000. This transaction took place on 06/17/2022. The property consists of 5 units, with each unit valued at approximately $275,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,375,000
- Units: 5
- Price Per Unit: $275,000
- Date: 06/17/2022
- Address: 250 High St, Nutley
The transaction was facilitated by Tom Misuraca and James Conticello of Keller Williams City Life Realty. They represented the parties involved in the deal. Tom Misuraca and James Conticello acted as the brokers for this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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