SOLDMixed-use
Kislak Company Brokers Facilitate $1.65M Sale Of Mixed-Use Property In Belleville
280 Washington Avenue
$1,650,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 11, 2022
AI
The property at 280 Washington Ave in Belleville has been sold for $1,650,000. This mixed-use property consists of 5 residential units and 2 commercial units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,650,000
- Address: 280 Washington Ave
- Market: Belleville
- BROKERS: Thomas Scatuorchio & Barry Waisbrod - Kislak Company
The sale of this property was facilitated by Thomas Scatuorchio and Barry Waisbrod from Kislak Company.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93