Updated Sep 9, 2024
Gandhi Fr Patel Acquires Mixed-Use Property In Carteret For $1M
76 Washington Avenue
$1,000,000
$333/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Jul 1, 2022
About this deal
AI
A mixed-use building located at 76 Washington Ave in Carteret has been sold for $1,000,000. The property spans across 3,000 square feet, resulting in a price per square foot of $333.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Square Footage: 3,000
- Price Per Square Foot: $333
- Address: 76 Washington Ave, Carteret
The buyer of the property is Gandhi Fr Patel, while the seller is Kal Pinky Patel. The transaction was facilitated by Joseph Spinella, a representative from Keller Williams Commercial. As the Managing Director of Commercial at KW, Spinella oversaw the successful sale of the mixed-use building.
Please note that there is no additional information available at this time.
Brisbane City 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93