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
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