Updated Dec 4, 2024
Gabe DaSilva Sells Bloomfield Office Building For $1.3M
230 Broad Street
$1,300,000
$240/SF
Building Size
5,400 SF
Asset Type
Office
Closing
Nov 17, 2023
About this deal
AI
An office property located at 230 Broad Street in Bloomfield was recently sold in a closed transaction. The property spans across 5,400 square feet and was sold for a price of $1,300,000, which is $150,000 higher than the initial asking price. With a price per square foot of $241, this property offers significant potential for renovation and is indicative of the increasing redevelopment in the area.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,300,000
- Address: 230 Broad Street
- Market: Bloomfield
- Square Footage: 5,400
- List Price: $1,150,000
- Price per Square Foot: $241
Amanda Nadia Abdelsayed from Keller Williams Metropolitan represented the seller, Gabe DaSilva, in this successful commercial sale. For more information and to discuss your next commercial transaction, you can reach Amanda at [email protected].
Bloomfield Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93