Private Investor Purchases 3800 SF Property At 559 Bloomfield Ave West Caldwell With Buyer’s Rep Jon Corbiscello
559 Bloomfield Ave, West Caldwell, NJ...
Building Size
3,800 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is a retail building located at 559 Bloomfield Ave, West Caldwell, NJ, encompassing a total area of 3,800 square feet. The property is currently occupied by an AAMCO auto repair shop, situated within the Northern New Jersey market.
Summary of transaction details:
- Property Type: Retail Building
- Transaction Amount: Undisclosed
- Address: 559 Bloomfield Ave, West Caldwell, NJ
- Market: West Caldwell
- Buyer: Private Investor
- Buyer's Representative: Jon Corbiscello, Jonathan Corbiscello-Keller Williams
- Seller: Undisclosed
- Seller's Representative: Bill Farkas, Jeffery Realty
- Square Footage: 3,800
Bill Farkas of Jeffery Realty represented the seller in this transaction, while Jon Corbiscello of Keller Williams represented the buyer, a private investor. Both parties have requested to remain anonymous in this deal.
Players
West Caldwell 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93