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1300 Liberty Avenue

Raj Patel Acquires Retail Property At 1300 Liberty Avenue In Hillside For $2.325M
SOLDRetail

Raj Patel Acquires Retail Property At 1300 Liberty Avenue In Hillside For $2.325M

1300 Liberty Avenue

$2,325,000

$830/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Mar 21, 2025

AI

The retail asset located at 1300 Liberty Avenue has been sold for $2,325,000. The property spans 2,800 square feet in the Hillside market, translating to a price per square foot of $830.

Summary of transaction details:

This transaction involved Raj Patel as the buyer, facilitated by a team of brokers from Ripco. The brokers representing this transaction were Stephen R. Preuss Sr., Kevin Louie, Mike Horne, Steven Winters, and Eric Delafraz, who played key roles in finalizing the deal.

Players

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

Hillside Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.82%

Cash-on-Cash

-1.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93