Updated Jan 23, 2026
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
About this deal
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.
On the Map
$1,475,000
$301/SF
Mixed-use
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Players
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