25 Taylor Holding LLC Acquires Retail Building In Westfield From True North Avenue East LLC For $2.215M
325 North Avenue East
$2,215,000
$228/SF
Building Size
9,700 SF
Asset Type
Retail
Closing
Dec 5, 2025
AI
A 9,700-square-foot retail building located at 325 North Avenue East in Westfield has been sold for $2,215,000. The property is situated in Union County and is intended to become a Swim Quest facility, marking the establishment's fourth New Jersey location. The sale was executed by True North Avenue East LLC, with the transaction finalized for a price of $228 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,215,000
- Address: 325 North Avenue East
- Market: Westfield
- Buyer: 25 Taylor Holding LLC
- Seller: True North Avenue East LLC
- Brokers: Robert J. DiLeo, Richard Goski & Catherine Goski-Vasquez - NAI DiLeo-Bram & Co.
- Square Footage: 9,700
- Price Per Square Foot: $228
The transaction involved multiple representatives from NAI DiLeo-Bram & Co., who acted on behalf of the seller in negotiating the sale. The buyer, 25 Taylor Holding LLC, is set to open the new Swim Quest facility in Westfield by early 2026, expanding its presence in New Jersey.
Players
Westfield 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
7.16%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93