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228 Springdale Ave
East Orange, NJ 07017
Asking Price
$1.90M
Cap Rate
8.05%
Asset Type
Apartment Building Mixed-use
Class
Class B
What's Special
<ul><li>+/- 12,000 SF Corner Mixed- Use Building In East Orange, Essex County, NJ</li><li>Property Consists Of 10 Units: (2) 2 Bed, (3) 3 Bed Residential Units, 5 Retail Units, And 8 Garages In Rear</li><li>3 Of 5 Apartments Have Been Renovated Leaving Additional Upside In 2 Apartments</li><li>Immediate Access To The Garden State Parkway</li><li>Situated Across The Street From NJ Transit Bus Stop</li><li>Strong Density With Over 432K Residents Within 3- Miles Of The Subject Property</li></
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96