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

Property Image
SOLD
$7,825,000

New Jersey

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Mixed-use41,956 SF
Sold 08/29/2021
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Property Image
SOLD

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

64-68 West Washington Avenue, Washington, NJ, USA

See Similar Deals
Mixed-use41,956 SF
Sold 08/29/2021
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$186
Total Square Footage:41,956 SF
Transaction Type:Sale

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.

Players

Mark Hay
3 deals$12M volume
BROKER

Details

SOLD
IMAGE: Mark Hay DATE: 08/29/2021 ADDRESS: 64-68 Washington Ave MARKET: Washington Borough, NJ ASSET TYPE: Mixed-use BUYER: Larry Eichler - Eichler Realty Company BROKER: Mark Hay - KW Commercial SALE PRICE: $7,825,000 UNITS: 70 ~ PPU: $111,786

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