Updated Aug 26, 2026
Marcus & Millichap Sells 13,006 Square Foot Mixed-Use Building In Westfield For $5.9M
225 East Broad Street
$5,900,000
$453/SF
Building Size
13,006 SF
Asset Type
Mixed-use
Closing
Aug 25, 2026
About this deal
AI
A 13,006-square-foot mixed-use building located at 219-225 East Broad Street in Westfield, NJ, was sold for $5,900,000. The property encompasses 0.26 acres and is currently fully occupied with five tenants, which include Sweetgreen, Club Pilates, Fred Astaire Dance Studio, Gamify U, and Exploratores.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,900,000
- Square Footage: 13,006
- Price per Square Foot: $454
- Address: 219-225 East Broad Street
- Market: Westfield, NJ
- Brokers: Alan Cafiero, David Cafiero & Damien Rance - Marcus & Millichap
Marcus & Millichap represented the seller and procured the buyer for this transaction, involving the expertise of Alan Cafiero, David Cafiero, and Damien Rance in facilitating the sale.
On the Map
$5,900,000
$453/SF
Mixed-use
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Players
Westfield 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93