Larry Eichler's Eichler Realty Company Purchases Mixed-use Property In Washington Borough, NJ For $7.8M

Located in Washington Borough, NJ, the mixed-use property at 64-68 Washington Ave recently changed hands in a closed sale transaction. The buyer, Larry Eichler of Eichler Realty Company, acquired the property for a total purchase price of $7,825,000. The sale was facilitated by Mark Hay of KW Commercial, who represented Larry Eichler as the broker.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $7,825,000
• Units: 70
• Price per Unit: $111,786
• Market: Washington Borough, NJ

Spanning across the mixed-use property are 70 units, offering a price per unit of approximately $111,786. The transaction, which took place on 29th August 2021, showcases Larry Eichler's acquisition of the property through his real estate company, Eichler Realty Company. Mark Hay, a broker from KW Commercial, played a pivotal role in facilitating the sale on behalf of Larry Eichler.