Updated Sep 9, 2024
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
About this deal
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.
The mixed use sale at 280 Washington Avenue in New York, New Jersey sold for $1.7M in 2022. 280 Washington Avenue is classified as Mixed Use on Traded. Barry Waisbrod, Tom Scatuorchio, Kislak appear on the sale alongside Kislak. This page is the New York, New Jersey file for the 280 Washington Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 280 Washington Avenue around 2022. Published consideration for 280 Washington Avenue is $1.7M, dated 2022. Cite this Kislak Company Brokers Facilitate $1.65M Sale Of Mixed-Use Property In Belleville sale when underwriting similar mixed use product around New York, New Jersey.
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