Rosario Catanzarite Sells Mixed-use Property At 64 Franklin Avenue Nutley For $1.1M
SOLD
New Jersey
See Similar DealsMixed-use6,000 SF
Sold 07/01/2025
SOLD
Rosario Catanzarite Sells Mixed-use Property At 64 Franklin Avenue Nutley For $1.1M
64 Franklin Avenue
See Similar DealsMixed-use6,000 SF
Sold 07/01/2025
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$183
Total Square Footage:6,000 SF
Transaction Type:Sale
This mixed-use asset located at 64 Franklin Avenue in Nutley has a total square footage of 6,000. The property was sold for $1,100,000, equating to a price per unit of $180,000 and a price per square foot of $183. The property has a total of 6 units.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Units: 6
- Price per Unit: $180,000
- Square Footage: 6,000
- Price per Square Foot: $183
- Seller: Rosario Catanzarite
- Brokers: Griffin Westlin & Yanni Marmarou - Investment Property Realty Group (IPRG)
- Date of Transaction: 07/02/2025
Griffin Westlin and Yanni Marmarou were the brokers representing the seller, Rosario Catanzarite, in this transaction, facilitating the sale process and ensuring a successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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