Jeff Squires Of Kislak Represents Sale Of Package Deal In Roselle Park For $90M
145 Jerome Street
$90,000,000
$3,600/SF
Building Size
25,000 SF
Asset Type
Package Deal
Closing
Dec 14, 2025
AI
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
Roselle Park Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93