facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Mixed Use

/

Sale

/

377 Smith Street

Daniel Lanni Of Kislak Represents Sale Of Mixed-Use Property At 377 Smith Street For $2.4M
SOLDMixed-use

Daniel Lanni Of Kislak Represents Sale Of Mixed-Use Property At 377 Smith Street For $2.4M

377 Smith Street

$2,400,000

$96/SF

Building Size

25,000 SF

Asset Type

Mixed-use

Closing

Dec 20, 2024

AI

The property asset involved in this transaction is a mixed-use building located at 377 Smith Street in the Perth Amboy market. The sale price for the asset was $2,400,000, with a total of 40 units, resulting in a price per unit of $60,000.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,400,000
  • Address: 377 Smith Street
  • Market: Perth Amboy
  • Total Units: 40
  • Price Per Unit: $60,000
  • Sale Date: 12/20/2024

The deal involved broker Daniel Lanni who represented the transaction through Kislak. This representation outlines the brokerage's role in facilitating the sale of the mixed-use property.

Players

Daniel Lanni

Kislak

Broker

$182.6M

vol

36 deals

Broker

Perth Amboy Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93