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357 Millburn Avenue

Mixed-Use Property At 357 Millburn Avenue Sold For $4 Million With Jeff Squires Of Kislak
SOLDMixed-use

Mixed-Use Property At 357 Millburn Avenue Sold For $4 Million With Jeff Squires Of Kislak

357 Millburn Avenue

$4,000,000

$310/SF

Building Size

12,871 SF

Asset Type

Mixed-use

Closing

Jan 10, 2025

AI

The property involved in this transaction is a mixed-use asset located at 357 Millburn Avenue, situated in the Millburn market. The property has a total square footage of 12,871 and was sold for a price of $4,000,000, resulting in a price per square foot of $310.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,000,000
  • Address: 357 Millburn Avenue
  • Market: Millburn
  • Square Footage: 12,871
  • Price per Square Foot: $310
  • Broker: Jeff Squires - Kislak

Jeff Squires from Kislak represented the parties in this real estate transaction, facilitating the sale and completion of the deal for the mixed-use property.

Players

Jeff Squires

Kislak

Broker

$280.4M

vol

17 deals

Broker

Millburn 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93