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:
- Property Type: Retail
- Transaction Amount: $2,325,000
- Address: 1300 Liberty Avenue
- Market: Hillside
- Square Footage: 2,800
- Price Per Square Foot: $830
- Buyer: Raj Patel
- Brokers: Stephen R. Preuss Sr., Kevin Louie, Mike Horne, Steven Winters & Eric Delafraz - Ripco
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
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