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Seller's Agent in 2023
Jonathan Corbiscello
Keller Williams City Views Realty
Estimated Value: $807,979
Investment or Owner User. This income producing property consists of two rented apartments upstairs and a vacant turnkey bar with liquor license on the ground floor. The property has parking for both tenants and patrons. The asking price includes the class C liquor license. MTM residential tenants immediate cash flow and present a value add opportunity to increase rents with modest improvements and longer lease terms. For investors, the pro forma rent on the ground floor is $22- 25psf psf NNN. This site is located 1 mile from William Paterson University which has over 9,000 registered students. The ground floor bar is turnkey with all beer/ soda lines in place, refrigeration, kitchen, and bar in addition to a basement office and storage area. Terra Cotta roof and brick interior are consistent with a tapas style restaurant/ bar. 7% cap rate in year 2 based on pro forma rents.
Last Agent to Sell the Property
Jonathan Corbiscello
Keller Williams City Views Realty Listed on: 05/24/2022
Last Buyer's Agent
Outside Agent
Outside Office
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 237 Haledon Llc | -- | None Listed On Document | |
| 237 Haledon Llc | -- | None Listed On Document | |
| Ayme Eduardo | $590,000 | Westcor Land Title | |
| Ayme Eduardo | $590,000 | Westcor Land Title | |
| Rizlita Llc | $279,000 | None Available | |
| Haledon R & B Holdings Llc | $340,000 | None Available | |
| Burhans Real Estate & Investme | $284,500 | -- | |
| Rocko Corp | $230,000 | -- | |
| Nikolovski Risto | $175,000 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Burhans Real Estate & Investme | $177,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2023 01/13/23 | Sold | $650,000 | -5.7% | -- |
| 09/06/2022 09/06/22 | Pending | -- | -- | -- |
| 05/24/2022 05/24/22 | For Sale | $689,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,952 | $340,000 | $50,400 | $289,600 |
| 2024 | $17,656 | $340,000 | $50,400 | $289,600 |
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Seller's Agent in 2023
Jonathan Corbiscello
Keller Williams City Views Realty
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Seller Co-Listing Agent in 2023
Shpresa Lita
Keller Williams City Views Realty
(201) 657-9977
1 in this area
18 Total Sales
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Buyer's Agent in 2023
Outside Agent
Outside Office
Source: New Jersey MLS
MLS Number: 22018696
APN: 03-00105-0000-00017