MAP Front LLC Sells Mixed-Use Property In Plainfield For $1.25M
SOLD
$1,250,000
New Jersey
See Similar DealsMixed-use20,000 SF
Sold 11/22/2021
SOLD
MAP Front LLC Sells Mixed-Use Property In Plainfield For $1.25M
322-324 W Front St, Plainfield, NJ, USA
See Similar DealsMixed-use20,000 SF
Sold 11/22/2021
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$62
Total Square Footage:20,000 SF
Transaction Type:Sale
An 20,000 square foot mixed-use property located at 322-324 W. Front St. in Plainfield has been sold for $1,250,000. The property was sold by MAP Front LLC. The sale was facilitated by Marc Shein of NAI DiLeo-Bram & Co.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Address: 322-324 W. Front St., Plainfield
- Square Footage: 20,000
- Market: Plainfield
Marc Shein, representing NAI DiLeo-Bram & Co, served as the broker for this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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