Updated Jan 6, 2026
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
About this deal
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.
On the Map
$90,000,000
$3,600/SF
Package Deal
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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