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68-76 Wilson Avenue

Updated Dec 4, 2024

Carlos Beltran Brokers $2.05M Sale Of Mixed-use Property On Wilson Avenue In Newark, NJ
SOLDMixed-use

Carlos Beltran Brokers $2.05M Sale Of Mixed-use Property On Wilson Avenue In Newark, NJ

68-76 Wilson Avenue

$2,050,000

$379/SF

Building Size

5,403 SF

Asset Type

Mixed-use

Closing

Nov 8, 2023

About this deal

AI

Located in the Ironbound section of Newark, 68-76 Wilson Avenue is a mixed-use building that offers a development opportunity. The property is currently configured as a restaurant and office space, making it a versatile asset. With a spacious area of 5,403 square feet, this property provides ample room for various business ventures. The property was sold for $2,050,000, at a price per square foot of $379. The deal was brokered by Carlos Beltran from Compass RE.

Summary of transaction details:

  • Property Type: Mixed-use
  • Asking Price: $2,300,000
  • Sale Price: $2,050,000
  • Square Footage: 5,403
  • Price per Square Foot: $379
  • Address: 68-76 Wilson Avenue, Newark, NJ
  • Market: Newark, NJ

Carlos Beltran from Compass RE played a key role in brokering this deal. His expertise and representation ensured the successful transaction of 68-76 Wilson Avenue. His involvement highlights the significance of his skills in the real estate market.

Players

Carlos Beltran

Compass

Broker

$3.3M

vol

2 deals

Broker

Newark Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $379 per square foot on a published $2.1M for 5,403 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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