Updated Oct 28, 2024
HK 68 Corporation Acquires Commercial Property In Springfield For $1,150,000
250 Morris Ave, Springfield, NJ, USA
$1,150,000
$75/SF
Building Size
15,224 SF
Asset Type
Other
Closing
Mar 3, 2021
About this deal
AI
A commercial property located at 250 Morris Ave in Springfield has been sold for a price of $1,150,000. The property is owned by Hk 68 Corporation.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $1,150,000
- Address: 250 Morris Ave, Springfield
- Market: Springfield
Hk 68 Corporation, the buyer, has acquired the commercial property at 250 Morris Ave in Springfield for a price of $1,150,000.
The other sale at 250 Morris Ave, Springfield, NJ, USA in Springfield, New Jersey sold for $1.2M in 2021. The building is 15,224 square feet, implying about 75 per square foot on the published price. This page is the Springfield, New Jersey file for the 250 Morris Ave, Springfield, NJ, USA other sold: pricing, party profiles, and other closed other comps from the same Springfield sit in the Market section below. Filter that Springfield other set by closing date to see what else sold near 250 Morris Ave, Springfield, NJ, USA around 2021. Published consideration for 250 Morris Ave, Springfield, NJ, USA is $1.2M, dated 2021. Cite this HK 68 Corporation Acquires Commercial Property In Springfield For $1,150,000 sale when underwriting similar other product around Springfield, New Jersey.
Players
Springfield Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93