Mixed-Use Property At 357 Millburn Avenue Sold For $4 Million With Jeff Squires Of Kislak
SOLD
$4,000,000
New Jersey
See Similar DealsMixed-use12,871 SF
Sold
SOLD
Mixed-Use Property At 357 Millburn Avenue Sold For $4 Million With Jeff Squires Of Kislak
357 Millburn Avenue
See Similar DealsMixed-use12,871 SF
Sold
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$310
Total Square Footage:12,871 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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