Updated Dec 19, 2023
Israel Goldstein Acquires Mixed-use Assets In Newark For $3.2M
310 14th Ave, Newark, NJ, USA
$3,200,000
$355/SF
Building Size
9,000 SF
Asset Type
Mixed-use
Closing
Mar 25, 2021
About this deal
AI
A mixed-use property located at 310 14th Ave, 297 Osborne Terr, and 634 15th Ave in Newark has been sold. The transaction was facilitated by broker Israel Goldstein. The sale took place on March 26, 2021, with a sale price of $3,200,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,200,000
- Address: 310 14th Ave, 297 Osborne Terr, 634 15th Ave
- Market: Newark
- Broker: Israel Goldstein
This deal involved a mixed-use property in Newark, consisting of multiple addresses including 310 14th Ave, 297 Osborne Terr, and 634 15th Ave. The sale took place on March 26, 2021, with a transaction amount of $3,200,000. Israel Goldstein, a broker, facilitated the transaction.
Newark 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93