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Larry Eichler's Eichler Realty Company Purchases Mixed-use Property In Washington Borough, NJ For $7.8M

64-68 Washington Avenue
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This Mixed-use property located in NJ was sold for $7,825,000 over 2 years ago. The broker of the deal was Mark Hay

Located in Washington Borough, NJ, the mixed-use property at 64-68 Washington Ave recently changed hands in a closed sale transaction. The buyer, Larry Eichler of Eichler Realty Company, acquired the property for a total purchase price of $7,825,000. The sale was facilitated by Mark Hay of KW Commercial, who represented Larry Eichler as the broker.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,825,000
  • Units: 70
  • Price per Unit: $111,786
  • Market: Washington Borough, NJ

Spanning across the mixed-use property are 70 units, offering a price per unit of approximately $111,786. The transaction, which took place on 29th August 2021, showcases Larry Eichler's acquisition of the property through his real estate company, Eichler Realty Company. Mark Hay, a broker from KW Commercial, played a pivotal role in facilitating the sale on behalf of Larry Eichler.

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Deals
  • Location
    64-68 West Washington Avenue, Washington, NJ, USA64-68 West Washington Avenue, Washington, NJ, USA
  • Sale Price
    $7,825,000$7,825,000
    $186 PPSF$186 PPSF
  • Area
    41,956 SF41,956 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Mark Hay

Mark Hay

Deals2
Sold$12M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

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Deal Summary

SALE IMAGE: Mark Hay DATE: 08/29/2021 ADDRESS: 64-68 Washington Ave MARKET: Washington Borough, NJ ASSET TYPE: Mixed-use BUYER: Larry Eichler - Eichler Realty Company BROKER: Mark Hay - KW Commercial SALE PRICE: $7,825,000 UNITS: 70 ~ PPU: $111,786

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64-68 Washington Avenue

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