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1882 Springfield Avenue

Marc Jules Purchases Mixed-Use Property From Elie Hirschfeld In Maplewood For $1.475M
SOLDMixed-use

Marc Jules Purchases Mixed-Use Property From Elie Hirschfeld In Maplewood For $1.475M

1882 Springfield Avenue

$1,475,000

$301/SF

Building Size

4,900 SF

Asset Type

Mixed-use

Closing

Dec 25, 2025

AI

The property asset involved in the transaction is located at 1882 Springfield Avenue in Maplewood. This mixed-use property consists of 4 units and encompasses a total area of 4,900 square feet. The sale price was set at $1,475,000, which reflects a price per unit of $368,750 and a price per square foot of $301.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,475,000
  • Address: 1882 Springfield Avenue
  • Market: Maplewood
  • Units: 4
  • PPU: $368,750
  • SF: 4,900
  • PPSF: $301
  • Buyer: Marc Jules
  • Seller: Elie Hirschfeld
  • Brokers: Yanni Marmarou & Griffin Westlin - Investment Property Realty Group (IPRG)

The transaction was facilitated by Yanni Marmarou and Griffin Westlin, who represented the interests of the buyer and seller in this deal. Their engagement reflects the collaboration of experienced professionals in the real estate sector, contributing to the successful completion of the property transfer.

Players

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$150.8M

vol

36 deals

Broker

Maplewood 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

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93