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Rob Delaney Of Longpoint Realty Partners Acquires Industrial Property In South Plainfield From Rick Deandrea

Property Image
SOLD
$3,525,000
Shaya Nisnevitz
Bunny Escava

New Jersey

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Industrial18,000 SF
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Property Image
SOLD

Rob Delaney Of Longpoint Realty Partners Acquires Industrial Property In South Plainfield From Rick Deandrea

901 Montrose Avenue

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Industrial18,000 SF
Sold
Shaya Nisnevitz
Bunny Escava
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:18000 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 901 Montrose Avenue in South Plainfield, NJ, encompassing a total square footage of 18,264. The transaction reflects a sale completed on July 30, 2024.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 901 Montrose Avenue
  • Market: South Plainfield, NJ
  • Buyer: Rob Delaney - Longpoint Realty Partners
  • Seller: Rick Deandrea
  • Broker Representatives: Shaya Nisnevitz & Bunny Escava - KSR

This transaction highlights Rob Delaney's role representing Longpoint Realty Partners as the buyer acquiring the property from seller Rick Deandrea. The brokers involved in facilitating the deal were Shaya Nisnevitz and Bunny Escava from KSR.

Players

Bunny Escava
Kassin Sabbagh Realty
Bunny Escava
41 deals$1.1B volume(917) 886-7545
BROKER
Shaya Nisnevitz
Kassin Sabbagh Realty
Shaya Nisnevitz
9 deals$87.2M volume
BROKER

Details

SOLD
IMAGE: Shaya Nisnevitz DATE: 7/30/2024 ADDRESS: 901 Montrose Avenue MARKET: South Plainfield, NJ ASSET TYPE: Industrial ~ SF: 18,264 BUYER: Rob Delaney - Longpoint Realty Partners SELLER: Rick Deandrea BROKERS: Shaya Nisnevitz & Bunny Escava (@Bunnnyyy) - KSR (@Kassin_Sabbagh_Realty)

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
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