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67 69 Lincoln Park

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

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

67 69 Lincoln Park

$1,375,000

$74/SF

Building Size

18,484 SF

Asset Type

Development Site

Closing

Aug 27, 2025

AI

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

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

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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