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
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