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757 Bloomfield Avenue

Harmon Leases Retail Space At 757-777 Bloomfield Avenue, New Jersey
LEASEDRetail

Harmon Leases Retail Space At 757-777 Bloomfield Avenue, New Jersey

757 Bloomfield Avenue & 777 Bloomfield Avenue

$25

$25/SF

Building Size

13,556 SF

Asset Type

Retail

Closing

Mar 28, 2024

AI

The retail property located at 757-777 Bloomfield Avenue in New Jersey has been leased out to Harmon. The property spans 6,778 square feet with an asking rent of $25 per square foot.

Summary of transaction details:

Adam Matloff from Meridian Capital Group is the representative for Harmon Retail Holdings, managing the search for an ideal retail space for their expansion in the New York and New Jersey areas.

Players

Ryan Starkman

Pierson Commercial

Broker

7 deals

Broker

West Caldwell Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93