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559 Bloomfield Ave, West Ca...

Private Investor Purchases 3800 SF Property At 559 Bloomfield Ave West Caldwell With Buyer’s Rep Jon Corbiscello
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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

Jonathan Corbiscello

Keller Williams Realty

Broker

$925K

vol

2 deals

Broker

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