Updated Oct 29, 2024
Daniel Spiegel & Yehuda Kotkes Acquire Retail Property In Newark For $2M
315 Bloomfield Ave Newark, NJ 07107, USA
$2,000,000
$100/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Jul 7, 2023
About this deal
AI
A retail property located at 315 Bloomfield Avenue in Newark has been sold for $2,000,000. The property spans 20,000 square feet, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 315 Bloomfield Avenue, Newark
- Market: Newark
The buyers of this retail property are Daniel Spiegel and Yehuda Kotkes, representing the KS Group. The sale was facilitated by Ryan Cerqueira of The Quinas Companies.
The retail sale at 315 Bloomfield Ave Newark, NJ 07107, USA in New Jersey, New Jersey sold for $2M in 2023. The building is 20,000 square feet, implying about 100 per square foot on the published price. Ryan Cerqueira, Yehuda Kotkes, Daniel Spiegel, The Quinas Companies appear on the sale alongside The Quinas Companies. This page is the New Jersey, New Jersey file for the 315 Bloomfield Ave Newark, NJ 07107, USA retail sold: pricing, party profiles, and other closed retail comps from the same New Jersey sit in the Market section below. Filter that New Jersey retail set by closing date to see what else sold near 315 Bloomfield Ave Newark, NJ 07107, USA around 2023. Published consideration for 315 Bloomfield Ave Newark, NJ 07107, USA is $2M, dated 2023. Cite this Daniel Spiegel & Yehuda Kotkes Acquire Retail Property In Newark For $2M sale when underwriting similar retail product around New Jersey, New Jersey.
Players
New Jersey 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93