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Moshe Silberman Purchases Development Site At 67-69 Lincoln Park From Akash Vijan For $1.375M

Property Image
SOLD
$1,375,000

New Jersey

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Development Site18,484 SF
Sold 08/28/2025
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Property Image
SOLD

Moshe Silberman Purchases Development Site At 67-69 Lincoln Park From Akash Vijan For $1.375M

67 69 Lincoln Park

See Similar Deals
Development Site18,484 SF
Sold 08/28/2025
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Price Per Square Foot:$74
Total Square Footage:18,484 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 67-69 Lincoln Park in Newark. The sale was finalized for a total amount of $1,375,000, encompassing a square footage of 18,484. The price per square foot stands at $74.

Summary of transaction details:

This transaction involved key representatives in the real estate sector. Joseph Spinella, reachable at 732-837-2832, is the Director of Commercial Real Estate at KW, offering expertise related to commercial real estate. Joseph Domenech also served as a broker from KW Commercial, while Henry Eisenstein represented EXP Realty in the deal.

Players

Joseph Spinella
24 deals$55.7M volume(732) 546-7501
BROKER

Henry Eisenstein
EXP Realty
18 deals$64M volume(908) 216-6532
BROKER

Joseph Domenech
Keller Williams Realty
7 deals$11.9M volume
BROKER

KW Commercial
BROKERAGE

EXP Realty
BROKERAGE

Details

SOLD
IMAGE: Joseph Domenech, Joseph Spinella & Henry Eisenstein DATE: 08/28/2025 ADDRESS: 67-69 Lincoln Park MARKET: Newark ASSET TYPE: Development Site BUYER: Moshe Silberman SELLER: Akash Vijan BROKERS: Joseph Domenech (@JoeyDom_realestate) & Joseph Spinella (@Joeyrealestatekw) - KW Commercial (@KW_Commercial); Henry Eisenstein (@HenryEisenstein) - EXP Realty (@ExpRealty_) SALE PRICE: $1,375,000 SF: 18,484 ~ PPSF: $74 NOTE FROM BROKER: Joseph Spinella (732-837-2832) Director of Commercial Real Estate KW Please reach out if you need CRE assistance.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42