Updated Oct 19, 2026
Madison Building Sells Montclair Mixed-use Property For $18M
427 Bloomfield Avenue, Montclair, New Jersey 07042, United States
$18,000,000
$553/SF
Building Size
32,498 SF
Asset Type
Mixed-use
Closing
Jun 8, 2022
About this deal
AI
The Madison Building in Montclair has been sold for $18,000,000. The mixed-use property, located at 427 Bloomfield Ave, spans 32,498 square feet and was acquired by an undisclosed buyer. The sale price equates to a price per square foot of $554.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Address: 427 Bloomfield Ave, Montclair
- Market: Montclair
- Square Footage: 32,498
The sale of The Madison Building was facilitated by Marcus & Millichap. Alan Cafiero and David Cafiero from Marcus & Millichap represented the seller in the transaction.
On the Map
$18,000,000
$553/SF
Mixed-use
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Montclair 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93