Danny Bodey Acquires Retail Property At 1114 Springfield Avenue From Robert Cohen For $1.95M
1114 Springfield Avenue
$2,200,000
$440/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 21, 2026
AI
The property asset involved in this transaction is a retail space located at 1114 Springfield Avenue, Irvington, NJ. The sale price was $1,950,000, and the property encompasses 5,000 square feet, resulting in a price per square foot of $390.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,950,000
- Buyer: Danny Bodey
- Seller: Robert Cohen - The Daniel Group
- Broker: Jack Sardar - Tri State Commercial Realty
- Market: Irvington, NJ
- Sale Date: 07/21/2026
- Off-Market Deal: Yes
The transaction was brokered by Jack Sardar, representing Tri State Commercial Realty. The deal was conducted exclusively for TSC clients, indicating a strategic focus on end-user buyers for vacant properties. The broker noted that Tri State Commercial continues to target such buyers for their clients.
Players
Irvington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93