Updated Sep 9, 2024
David Chice Of Keller Williams City Life Realty Sells Nutley Mixed-use Property For $1.6M
47 Washington Avenue, Nutley, New Jersey 07110, United States
$1,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 21, 2021
About this deal
AI
A mixed-use property located at 47 Washington Ave in Nutley, NJ has been sold for $1,600,000. The sale was facilitated by broker David Chice from Keller Williams City Life Realty.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,600,000
- Address: 47 Washington Ave, Nutley, NJ
- Broker: David Chice - Keller Williams City Life Realty
This transaction marks the successful sale of a mixed-use property in Nutley, NJ. The property offers a unique combination of residential and commercial spaces, providing a versatile investment opportunity. The involvement of broker David Chice from Keller Williams City Life Realty highlights the expertise and negotiation skills required to facilitate such a transaction in a competitive market.
Nutley 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93