Updated Oct 28, 2024
Broad Street Newco LLC Sells Mixed-Use Property In Elizabeth For $3.7M
56-64 Broad Street, Elizabeth, New Jersey 07201, United States
$3,700,000
$100/SF
Building Size
37,000 SF
Asset Type
Mixed-use
Closing
Feb 27, 2022
About this deal
AI
The mixed-use property located at 56-64 Broad St in Elizabeth has been sold for $3,700,000. The property spans 37,000 square feet, resulting in a price per square foot of $100. The transaction took place on 02/28/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,700,000
- Address: 56-64 Broad St
- Market: Elizabeth
- Seller: Broad Street Newco LLC
- Broker: Kenneth Kaplan - KenKap Realty Corp
The sale of this mixed-use property was facilitated by Kenneth Kaplan from KenKap Realty Corp, who represented the seller, Broad Street Newco LLC. The transaction highlights the demand for mixed-use properties in Elizabeth and demonstrates the expertise of Kenneth Kaplan in the real estate market.
Players
Elizabeth 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93