Updated Dec 19, 2023
Hisham Sheikh & Nart Marza Acquire Mixed-Use Property In Haledon, NJ For $540,000
326 Belmont Avenue, Haledon, NJ, USA
$540,000
$126/SF
Building Size
4,266 SF
Asset Type
Mixed-use
Closing
Mar 14, 2021
About this deal
AI
The mixed-use property located at 324-326 Belmont Ave in Haledon, NJ has been sold in a recent transaction. The property, with a total square footage of 4,266, was listed for an asking price of $529,999. The sale was finalized with a sale price of $540,000, resulting in a price per square foot of $127.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $540,000
- Address: 324-326 Belmont Ave, Haledon, NJ
- Market: Haledon, NJ
Hisham Sheikh and Nart Marza purchased the property from the Lombardo Family. The deal was facilitated by broker Joe Simone.
The property consists of 5 units, and the price per unit was $108,000.
Players
Haledon 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
29.38%
Cash-on-Cash
-8.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93