Updated Sep 16, 2026
Private Investor Acquires Mixed-Use Property At 351 West Clay Avenue In Roselle Park For $5.3M
351 Clay Avenue West
$5,300,000
Units
16
Asset Type
Mixed-use
Closing
Sep 14, 2026
About this deal
AI
A private investor purchased a mixed-use property located at 351 West Clay Avenue in Roselle Park, NJ. The asset includes a total of 16 units, consisting of 14 two-bedroom condos and two occupied retail spaces. The transaction amounted to $5,300,000, which translates to a price per unit of $331,250.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,300,000
- Units: 16
- Price Per Unit: $331,250
- Date of Sale: 09/14/2026
- Broker: Ben Susskind - ICON Real Estate Advisors
The mixed-use property was bought four years after its completion. The transaction involved a 1031 exchange, with ICON Real Estate Advisors representing both the buyer and the seller in the deal.
On the Map
$5,300,000
Mixed-use
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Roselle Park 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93