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230 Broad Street

Updated Dec 4, 2024

Gabe DaSilva Sells Bloomfield Office Building For $1.3M
SOLDOffice

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].

Players

Amanda Nadia DaSilva

Keller Williams Realty

Broker

$8.3M

vol

4 deals

Broker

Bloomfield Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $240 per square foot on a published $1.3M for 5,400 square feet (2023).

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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

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