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29 Elm Street, Morristown, ...

Brian Kaplan & Chip Collins Of Marcus & Millichap Sell Mixed-Use Property In Morristown, NJ For $2.5M
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

Chip Collins

Marcus & Millichap

Broker

$7.6M

vol

3 deals

Broker

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