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412-416 Bloomfield Avenue, ...

Kislak Acquires Mixed-use Property In Caldwell For $3.5M
SOLDMixed-use

Kislak Acquires Mixed-use Property In Caldwell For $3.5M

412-416 Bloomfield Avenue, Caldwell, New Jersey 07006, United States

$3,465,000

$346/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Feb 23, 2022

AI

A mixed-use property located at 412-416 Bloomfield Avenue in Caldwell has been sold for a total price of $3,465,000. The transaction took place on February 24, 2022. The property comprises 19 units with an average price per unit of $182,368. It spans a total area of 10,000 square feet, resulting in a price per square foot of $347.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,465,000
  • Units: 19
  • Price Per Unit: $182,368
  • Square Footage: 10,000
  • Price Per Square Foot: $347
  • Address: 412-416 Bloomfield Avenue, Caldwell
  • Market: Caldwell

The sale of this mixed-use property was facilitated by Robert Squires and Michael Kossak from Kislak acting as the brokers. They represented the buyer and seller in the transaction.

Players

Michael Kossak

Marcus & Millichap

Broker

$40M

vol

6 deals

Broker
Kislak
KislakBrokerage

Caldwell 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

4.58%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93