Updated Dec 21, 2023
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
Belleville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew De Fede to view all their deals.
Browse New Jersey mixed use sales on Traded.
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