Updated Dec 21, 2023
Marcus & Millichap Sells Mixed-use Property In Secaucus For $1.9M With Brokers Christopher Kallensee & John A. Sala
550 County Avenue, Secaucus, New Jersey 07094, United States
$1,900,000
$190/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Mar 29, 2022
About this deal
AI
550 County Ave in Secaucus recently sold for $1,900,000. This mixed-use property spans 10,000 square feet, resulting in a price per square foot of $190. The sale took place on March 30, 2022. The transaction was facilitated by brokers Christopher Kallensee and John A. Sala of Marcus & Millichap.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Square Footage: 10,000
- Price per Square Foot: $190
- Date: March 30, 2022
- Brokers: Christopher Kallensee & John A. Sala - Marcus & Millichap
The sale of 550 County Ave was successfully negotiated by Christopher Kallensee and John A. Sala, who represented the buyer and seller respectively. Their expertise in the Secaucus market played a crucial role in finalizing the deal.
Players
Secaucus 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93