Ohad Babo Of Kassin Sabbagh Realty Represents Sale Of Residential Redevelopment In Plainfield For $4.25M
SOLD
$4,250,000
New Jersey
See Similar DealsIndustrial41 SF
Sold 07/03/2025
SOLD
Ohad Babo Of Kassin Sabbagh Realty Represents Sale Of Residential Redevelopment In Plainfield For $4.25M
130 East 5th Street
See Similar DealsIndustrial41 SF
Sold 07/03/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$103,658
Total Square Footage:41 SF
Transaction Type:Sale
The asset involved in the transaction is a residential redevelopment located at 130-140 East 5th Street, Plainfield, NJ. The sale price for the property was $4,250,000, and it spans 0.41 acres.
Summary of transaction details:
- Property Type: Residential Redevelopment
- Transaction Amount: $4,250,000
- Address: 130-140 East 5th Street
- Market: Plainfield, NJ
- Acres: 0.41
Ohad Babo from Kassin Sabbagh Realty represented the seller in this transaction, ensuring the deal was successfully executed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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