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

Property Image
SOLD
$1,190,000

New Jersey

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Mixed-use
Sold 03/05/2024
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Property Image
SOLD

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

6501 Park Avenue

See Similar Deals
Mixed-use
Sold 03/05/2024
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Mixed-use
Transaction Type:Sale

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
Rhina Magana De Del Sol
1 deal$1.2M volume(201) 912-0581
BROKER

Details

SOLD
IMAGE: 03/05/2024 ADDRESS: 6501 Park Avenue MARKET: West New York ASSET TYPE: Mixed-use BROKER: Rhina Magana De Del Sol - eRealty (@ERealtyNJ) SALE PRICE: $1,190,000 UNITS: 9 ~ PPU: $132,222 NOTE: Rhina Magana De Del Sol served as the broker for the sale of the mixed-use property at 6501 Park Avenue in West New York, which sold for $1,190,000. The property, boasting 8 residential units, 1 storefront, and a 1-car garage, is located in a highly sought-after area close to public transportation to NYC, restaurants, cafes, schools, and shopping.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,227.81
Cash-on-Cash Return-1.27%
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