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
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