Updated Sep 9, 2024
Nekije Rizvani Of Keller Williams Village Square Realty Sells Mixed-Use Property In Pequannock Township, NJ For $2.2M
67 Newark Pompton Turnpike, Little Falls, NJ 07424, USA
$2,225,000
Units
14
Asset Type
Mixed-use
Closing
Oct 20, 2021
About this deal
AI
A mixed-use property located at 53-67 Newark Pompton Tpke in Pequannock Township, NJ, was recently sold for a total of $2,225,000. The sale took place on 10/20/2021. The property consists of 14 units, resulting in a per unit price of $158,929.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,225,000
- Address: 53-67 Newark Pompton Tpke, Pequannock Township, NJ
- Market: Pequannock Township, NJ
- Units: 14
- PPU: $158,929
The sale was facilitated by Nekije Rizvani of Keller Williams Village Square Realty. Nekije Rizvani represented the seller/buyer/landlord/tenant in this transaction.
Little Falls 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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93