Updated Dec 4, 2024
Rhina Magana De Del Sol Of ERealty Brokers Sale Of Mixed-Use Property For $1.19M
6501 Park Avenue
$1,190,000
Units
9
Asset Type
Mixed-use
Closing
Mar 5, 2024
About this deal
AI
The mixed-use property at 6501 Park Avenue in West New York was sold for $1,190,000. The property consists of 8 residential units, 1 storefront, and a 1-car garage. Located in a highly sought-after area close to public transportation to NYC, restaurants, cafes, schools, and shopping, this property offers a blend of residential and commercial spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,190,000
- Units: 9
- Price Per Unit: $132,222
- Address: 6501 Park Avenue
- Market: West New York
- Broker: Rhina Magana De Del Sol - eRealty
Rhina Magana De Del Sol of eRealty facilitated the sale of the property at 6501 Park Avenue. The deal involved representing the buyer and the seller in the transaction, bringing together both parties for the successful sale of this mixed-use property in West New York.
West New York 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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93