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76 Washington Avenue

Updated Sep 9, 2024

Gandhi Fr Patel Acquires Mixed-Use Property In Carteret For $1M
SOLDMixed-use

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.

Players

Joseph Spinella

Keller Williams Realty

Broker

$66.3M

vol

25 deals

Broker

Brisbane City Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $333 per square foot on a published $1M for 3,000 square feet (2022).

Visit Joseph Spinella to view all their deals.

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

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