Updated Dec 21, 2023
Kislak Broker Julie Gralla Sells Nutley Retail Property On Franklin Avenue For $1.6M
238 Franklin Avenue, Nutley, New Jersey 07110, United States
$1,600,000
$133/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Dec 28, 2021
About this deal
AI
A retail property located at 238 Franklin Avenue in Nutley, NJ has been sold for a price of $1,600,000. The property spans approximately 12,000 square feet, resulting in a price per square foot of $133. The transaction took place on 12/29/2021. The sale was facilitated by Julie Gralla of Kislak, who represented the parties involved in the deal.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 238 Franklin Avenue, Nutley, NJ
- Market: Nutley, NJ
- Square Footage: 12,000
- Price per Square Foot: $133
The sale of the retail property at 238 Franklin Avenue in Nutley, NJ was successfully closed with the assistance of Julie Gralla from Kislak. The deal was concluded on 12/29/2021, and the property was sold for $1,600,000. Julie Gralla served as the broker representing the parties involved in the transaction.
Players
Nutley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Julie Gralla to view all their deals.
Browse New Jersey retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93