Kislak Company Brokers Facilitate $1.65M Sale Of Mixed-Use Property In Belleville
SOLD
$1,650,000
New Jersey
See Similar DealsMixed-use
Sold 08/11/2022
SOLD
Kislak Company Brokers Facilitate $1.65M Sale Of Mixed-Use Property In Belleville
280 Washington Avenue
See Similar DealsMixed-use
Sold 08/11/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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