Updated Aug 27, 2026
Meir Weiss Purchases 2.4 Acre Commercial Lot In Vauxhall From Joseph Cuzzo For $3.1M
2530 Springfield Avenue
$3,100,000
$413/SF
Building Size
7,500 SF
Asset Type
Commercial
Closing
Aug 17, 2026
About this deal
AI
A 2.4 acre commercial lot located at 2530 Springfield Avenue in Vauxhall, NJ was sold for $3,100,000. The property encompasses 7,500 square feet, translating to a price per square foot of $413. Previously occupied by a Maplecrest Ford dealership, the existing lease was below market value.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,100,000
- Square Footage: 7,500 SF
- Price Per Square Foot: $413
- Acres: 2.4
- Buyer: Meir Weiss
- Seller: Joseph Cuzzo
- Brokers: Andrea (Dre) Nestico - IPRG NJ
Meir Weiss acquired the commercial lot with plans to reposition the property and lease it at market rents after the prior lease terms of the Maplecrest Ford dealership.
On the Map
$3,100,000
$413/SF
Commercial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93