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:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Landlord: Jeff Mandelbaum - Broadway Belvedere
- Tenant: Harmon
- Landlord's Representative: Ryan Starkman - Pierson Commercial
- Tenant's Representative: Adam Matloff - Meridian Capital Group
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
West Caldwell Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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