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Mixed Use

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25-27 29 Watsessing Ave

Tom Scatuorchio Of Kislak Represents Buyer In $2,350,000 Sale Of Mixed-Use Property In Bloomfield
SOLDMixed-use

Tom Scatuorchio Of Kislak Represents Buyer In $2,350,000 Sale Of Mixed-Use Property In Bloomfield

25-27 29 Watsessing Ave

$2,350,000

$94/SF

Building Size

25,000 SF

Asset Type

Mixed-use

Closing

Apr 20, 2026

AI

The property involved in this transaction is a mixed-use asset located at 25-27 Watsessing Avenue in Bloomfield. The sale price for this asset was $2,350,000, which encompasses a total of 14 units, including 2 retail spaces. The price per unit (PPU) is recorded at $167,857.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,350,000
  • Units: 14
  • Retail Spaces: 2
  • Price Per Unit: $167,857
  • Buyer’s Representative: Tom Scatuorchio - Kislak
  • Seller’s Representative: Jeff Squires - Kislak

Key individuals involved in this sale include Tom Scatuorchio, who represented the buyer, and Jeff Squires, who acted as the representative for the seller. Both individuals are affiliated with Kislak, making it a notable transaction in the real estate market.

Players

Jeff Squires

Kislak

Broker

$280.4M

vol

17 deals

Broker

Market 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93