SOLDMixed-use
MAP Front LLC Sells Mixed-Use Property In Plainfield For $1.25M
322-324 W Front St, Plainfield, NJ, USA
$1,250,000
$62/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Nov 22, 2021
AI
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.
Players
Plainfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93