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6501 Park Avenue

Updated Dec 4, 2024

Rhina Magana De Del Sol Of ERealty Brokers Sale Of Mixed-Use Property For $1.19M
SOLDMixed-use

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.

Players

Rhina Magana De Del Sol

eRealty New Jersey

Broker

$1.2M

vol

1 deal

Broker

West New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $132.2K per unit across 9 units on a published $1.2M (2024).

Visit eRealty New Jersey to view all their deals.

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

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