Jeff Blau And Yossi Schwarzmer Of Giga Holding Acquire Mixed-use Asset In Newark For $5.3M
SOLD
$5,300,000
+ 1
New Jersey
See Similar DealsMixed-use20,381 SF
Sold 09/19/2025
SOLD
Jeff Blau And Yossi Schwarzmer Of Giga Holding Acquire Mixed-use Asset In Newark For $5.3M
160 University Avenue
See Similar DealsMixed-use20,381 SF
Sold 09/19/2025
+ 1
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$260
Total Square Footage:20,381 SF
Transaction Type:Sale
The mixed-use property at 160 University Avenue in Newark has been sold for a transaction amount of $5,300,000. The property comprises 9 units and spans a total square footage of 20,381, translating to a price per unit of $588,888 and a price per square foot of $260.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,300,000
- Units: 9
- Square Footage: 20,381
- Price per Unit: $588,888
- Price per Square Foot: $260
- Buyer: Jeff Blau & Yossi Schwarzmer - Giga Holding
- Brokers: Yanni Marmarou, Andrea Nestico & Homer DeLeon - Investment Property Realty Group (IPRG)
This transaction highlights the involvement of key individuals in the deal, including the buyers Jeff Blau and Yossi Schwarzmer, who represent Giga Holding. The brokerage team facilitating the transaction consists of Yanni Marmarou, Andrea Nestico, and Homer DeLeon from Investment Property Realty Group (IPRG).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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