Updated Sep 5, 2024
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
About this deal
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.
On the Map
$3,465,000
$346/SF
Mixed-use
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Players
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