Saxum Real Estate Sells Office Building In Montclair, NJ For $4.4M
483 Bloomfield Avenue, Montclair, New Jersey 07042, United States
$4,400,000
$513/SF
Building Size
8,568 SF
Asset Type
Office
Closing
Oct 11, 2022
AI
Located at 483 Bloomfield Avenue in Montclair, NJ, this office property was recently sold for a total price of $4,400,000. The transaction took place on October 12, 2022. The asset spans a total square footage of 8,568, resulting in a price per square foot of $514. The sale was facilitated by Saxum Real Estate, with Matt Wassel representing the seller. The buyer was not specified in the available information.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $4,400,000
- Address: 483 Bloomfield Avenue, Montclair, NJ
- Market: Montclair, NJ
- Square Footage: 8,568
- Price per Square Foot: $514
Assisting in the sale of this property was Alan Cafiero from Marcus & Millichap, who served as the broker. Further details regarding the buyer and any additional parties involved were not provided in the available information.
Players
Montclair 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93