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64 Franklin Avenue

Rosario Catanzarite Sells Mixed-use Property At 64 Franklin Avenue Nutley For $1.1M
SOLDMixed-use

Rosario Catanzarite Sells Mixed-use Property At 64 Franklin Avenue Nutley For $1.1M

64 Franklin Avenue

$1,100,000

$183/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Jul 1, 2025

AI

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.

Players

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$150.8M

vol

36 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

Nutley 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93