Rong Zhuang Purchases Retail Asset From Steve Janett For $3.015 Million In Verona
SOLD
$3,015,000
New Jersey
See Similar DealsRetail12,600 SF
Sold 01/20/2026
SOLD
Rong Zhuang Purchases Retail Asset From Steve Janett For $3.015 Million In Verona
536 Bloomfield Avenue
See Similar DealsRetail12,600 SF
Sold 01/20/2026
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$239
Total Square Footage:12,600 SF
Transaction Type:Sale
The retail asset located at 526-538 Bloomfield Ave in Verona has been sold for $3,015,000. The property spans a total area of 12,600 square feet, translating to a price per square foot of $239.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,015,000
- Buyer: Rong Zhuang
- Seller: Steve Janett
- Broker: Roman Drukarov - Berkshire Hathaway HomeServices
Broker Roman Drukarov represented the seller, Steve Janett, in this transaction, facilitating the sale to the buyer, Rong Zhuang.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,711.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,292.64
Annual Debt Service$171,511.66
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