Updated Dec 4, 2024
Kislak Brokers $2.5M Sale Of Passaic Mixed-Use Property With 23 Units
60-62 Dayton Avenue & 15 Hobart Street
$2,500,000
Units
23
Asset Type
Mixed-use
Closing
Aug 11, 2023
About this deal
AI
The mixed-use property located at 60-62 Dayton Avenue and 15 Hobart Street in Passaic has been sold for a total price of $2,500,000. The property is comprised of 23 units and includes a restaurant.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
The sale of this property was facilitated by Julie Gralla from Kislak. She served as the broker representing the parties involved in the transaction.
The mixed use sale at 60-62 Dayton Avenue in Passaic, New Jersey sold for $2.5M in 2023. 60-62 Dayton Avenue is classified as Mixed Use on Traded. Julie Gralla, Kislak appear on the sale alongside Kislak. This page is the Passaic, New Jersey file for the 60-62 Dayton Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Passaic sit in the Market section below. Filter that Passaic mixed use set by closing date to see what else sold near 60-62 Dayton Avenue around 2023. Published consideration for 60-62 Dayton Avenue is $2.5M, dated 2023. Cite this Kislak Brokers $2.5M Sale Of Passaic Mixed-Use Property With 23 Units sale when underwriting similar mixed use product around Passaic, New Jersey.
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Passaic 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93