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33 Washington Avenue, Belle...

Updated Dec 21, 2023

George Barrios Acquires Mixed-Use Property In Belleville, NJ For $1.2M
SOLDMixed-use

George Barrios Acquires Mixed-Use Property In Belleville, NJ For $1.2M

33 Washington Avenue, Belleville, NJ, USA

$1,200,000

$200/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Oct 8, 2021

About this deal

AI

Located at 33 Washington Ave in Belleville, NJ, a mixed-use property recently changed hands in a closed sale transaction. The property encompasses approximately 6,000 square feet and was sold for a total price of $1,200,000, resulting in a price per square foot of $200. The transaction was completed on 10/08/2021.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,200,000
  • Address: 33 Washington Ave, Belleville, NJ
  • Market: Belleville, NJ

The buyer in this transaction is George Barrios, while the seller is Sonny Abagnale. Representing the deal was Matthew De Fede from Nutley Real Estate. The asking price of $1,200,000 was met, resulting in a successful sale at the same price. These key individuals played a crucial role in facilitating the transaction.

Players

Matthew De Fede

Broker

$1.2M

vol

1 deal

Broker

Belleville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $200 per square foot on a published $1.2M for 6,000 square feet (2021).

Visit Matthew De Fede to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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