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51 53 Lincoln Park

Moshe Silberman Acquires Development Site In Newark For $1.375M From Akash Vijan
SOLDDevelopment Site

Moshe Silberman Acquires Development Site In Newark For $1.375M From Akash Vijan

51 53 Lincoln Park

$1,375,000

$96/SF

Building Size

14,270 SF

Asset Type

Development Site

Closing

Aug 27, 2025

AI

The transaction involved a development site located at 51-53 Lincoln Park in Newark. The property was sold for a price of $1,375,000, covering an area of 14,270 square feet, which translates to a price per square foot of $96.

Summary of transaction details:

Joseph Spinella serves as the Director of Commercial Real Estate at KW and has provided his contact number, 732-837-2832, for those seeking assistance in commercial real estate.

Players

Joseph Spinella

Keller Williams Realty

Broker

$55.7M

vol

24 deals

Broker
KW Commercial
KW CommercialBrokerage
EXP Realty
EXP RealtyBrokerage

Newark Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93