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359 North Maple Avenue, Eas...

Updated Dec 20, 2023

Julie Gralla & Joni Sweetwood Of Kislak Co. Sell Mixed-use Property On North Maple Avenue In East Orange For $2.6M
SOLDMixed-use

Julie Gralla & Joni Sweetwood Of Kislak Co. Sell Mixed-use Property On North Maple Avenue In East Orange For $2.6M

359 North Maple Avenue, East Orange, New Jersey 07017, United States

$2,600,000

$154/SF

Building Size

16,842 SF

Asset Type

Mixed-use

Closing

Jan 2, 2022

About this deal

AI

The mixed-use property located at 359 North Maple Avenue in East Orange has been sold. The transaction took place on January 3, 2022, with Julie Gralla and Joni Sweetwood from Kislak Co. representing the parties involved.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,600,000
  • Address: 359 North Maple Avenue, East Orange
  • Market: East Orange
  • Square Footage: 16,842
  • Price Per Square Foot: $154

Julie Gralla and Joni Sweetwood from Kislak Co. served as the brokers for this deal. They played a key role in facilitating the transaction between the buyer and seller, ensuring a successful outcome for both parties involved.

Players

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

East Orange Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $154 per square foot on a published $2.6M for 16,842 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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