Updated Dec 21, 2023
Brian Kaplan & Chip Collins Of Marcus & Millichap Sell Mixed-Use Property In Morristown, NJ For $2.5M
29 Elm Street, Morristown, NJ, USA
$2,500,000
$416/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Aug 19, 2021
About this deal
AI
A mixed-use property located at 29 Elm St. in Morristown, NJ was recently sold for $2,500,000. The property spans 6,000 square feet, resulting in a price per square foot of $417.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 29 Elm St., Morristown, NJ
- Market: Morristown, NJ
The sale of this mixed-use property was facilitated by Brian Kaplan and Chip Collins from Marcus & Millichap.
The mixed use sale at 29 Elm Street, Morristown, NJ, USA in Morristown, New Jersey sold for $2.5M in 2021. The building is 6,000 square feet, implying about 416 per square foot on the published price. Chip Collins, Brian Kaplan, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Morristown, New Jersey file for the 29 Elm Street, Morristown, NJ, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Morristown sit in the Market section below. Filter that Morristown mixed use set by closing date to see what else sold near 29 Elm Street, Morristown, NJ, USA around 2021. Published consideration for 29 Elm Street, Morristown, NJ, USA is $2.5M, dated 2021. Cite this Brian Kaplan & Chip Collins Of Marcus & Millichap Sell Mixed-Use Property In Morristown, NJ For $2.5M sale when underwriting similar mixed use product around Morristown, New Jersey.
Players
Morristown 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93