Private Investor Acquires Mixed-Use Property In Bernardsville For $1.9 Million With Brokers Tim Deluccia And Justin Walsh
18 Claremont Road
$1,900,000
$287/SF
Building Size
6,600 SF
Asset Type
Mixed-use
Closing
Mar 11, 2026
AI
A private investor acquired a 6,600-square-foot mixed-use property at 18 Claremont Road in Bernardsville, New Jersey for $1.9 million, featuring three retail spaces and three apartments above.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,900,000
- Square Footage: 6,600
- Price per Square Foot: $288
- Address: 18 Claremont Road
- Market: Bernardsville
Tim Deluccia of Deluccia Commercial Group represented the seller, while Justin Walsh of Evergreen Commercial Real Estate represented the buyer in this transaction.
Players
Bernardsville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93