SOLDMixed-use
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
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.
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