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Jeff Squires Of Kislak Represents Sale Of Package Deal In Roselle Park For $90M

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SOLD
$90,000,000

New Jersey

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Jeff Squires Of Kislak Represents Sale Of Package Deal In Roselle Park For $90M

145 Jerome Street

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Package Deal25,000 SF
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Summary

NEW JERSEY
Asset Type:Package Deal
Price Per Square Foot:$3,600
Total Square Footage:25,000 SF
Transaction Type:Sale

The transaction involved a package deal of multiple properties located within Roselle Park, Roselle, Elizabeth, and Rahway. The address specifics include 145 Jerome Street (also known as 531 Westfield Avenue West), 127-135 East Fifth Avenue, 212 Westfield Avenue, 408 Chestnut Street, 145 Dock Street, 123 West First Avenue, 854 West Grand Street, 143-147 East Fifth Avenue, 222 East Westfield Avenue (also known as 168 East Westfield Ave), and 214-216 East First Avenue. The sale was finalized at a price of $90,000,000, encompassing a total of 540 units with a price per unit of $166,667.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $90,000,000
  • Units: 540
  • Price Per Unit: $166,667
  • Broker: Jeff Squires - Kislak
  • Date of Transaction: 12/15/2025
  • Market: Roselle Park, Roselle, Elizabeth & Rahway

Jeff Squires represented the broker agency Kislak in this transaction, overseeing the details of the deal, which included a significant portfolio of properties across several locations in Union County. The breadth of this package highlights the strategic nature of this acquisition in the region.

Players

Jeff Squires
17 deals$280.4M volume
BROKER

Kislak
BROKERAGE

Details

SOLD
IMAGE: Jeff Squires DATE: 12/15/2025 ADDRESS: Union County Portfolio - 145 Jerome Street (aka 531 Westfield Avenue West), 127-135 East Fifth Avenue, 212 Westfield Avenue, 408 Chestnut Street, 145 Dock Street, 123 West First Avenue, 854 West Grand Street, 143-147 East Fifth Avenue, 222 East Westfield Avenue (aka 168 East Westfield Ave) & 214-216 East First Avenue MARKET: Roselle Park, Roselle, Elizabeth & Rahway ASSET TYPE: Package Deal BROKER: Jeff Squires (@JeffreyCraig80) - Kislak (@KislakCompany) SALE PRICE: $90,000,000 UNITS: 540 ~ PPU: $166,667

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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