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145 Jerome Street

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

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

Jeff Squires

Kislak

Broker

$280.4M

vol

17 deals

Broker
Kislak
KislakBrokerage

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