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Sherif Elfar Acquires Development Site In Belleville For $5 Million With Brokers Jason Trembicki And Bruce Elia Jr

Property Image
SOLD
$5,000,000
Marcos Claudius, CCIM
Bruce Elia
Jason Trembicki

New Jersey

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Development Site25,000 SF
Sold 11/04/2025
the dealplayerscompscontact
Property Image
SOLD

Sherif Elfar Acquires Development Site In Belleville For $5 Million With Brokers Jason Trembicki And Bruce Elia Jr

260 Washington Avenue

See Similar Deals
Development Site25,000 SF
Sold 11/04/2025
Marcos Claudius, CCIM
Bruce Elia
Jason Trembicki
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$200
Total Square Footage:25,000 SF
Transaction Type:Sale

A development site located at 260 Washington Avenue in Belleville has been sold. The transaction was completed for a sale price of $5,000,000, encompassing a total square footage of 25,000, equating to a price per square foot of $200.

Summary of transaction details:

The deal involved key individuals Jason Trembicki and Bruce Elia Jr as sellers, along with Sherif Elfar as the buyer. The transaction was facilitated by broker representatives from Keller Williams Realty, specifically Jason Trembicki, Marcos Claudius, CCIM, and Bruce Elia.

Players

Jason Trembicki
Jason Trembicki
10 deals$60.1M volume(917) 526-2982
BROKER
Bruce Elia
Keller Williams Realty
Bruce Elia
6 deals$16.9M volume
BROKER
Marcos Claudius, CCIM
Keller Williams Realty
Marcos Claudius, CCIM
4 deals$10.3M volume(201) 355-3103
BROKER

Details

SOLD
IMAGE: Marcos Claudius, CCIM, Jason Trembicki & Bruce Elia Jr DATE: 11/04/2025 ADDRESS: 260 Washington Avenue MARKET: Belleville ASSET TYPE: Development Site BUYER: Sherif Elfar SELLER: Jason Trembicki & Bruce Elia Jr BROKERS: Jason Trembicki (@JTrembicki), Marcos Claudius, CCIM (@MarcosClaudius) & Bruce Elia (@BruceEliaJr) - Keller Williams Realty (@KellerWilliamsRealty) SALE PRICE: $5,000,000 SF: 25,000 ~ PPSF: $200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61