Updated Oct 28, 2024
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
About this deal
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.
The mixed use sale at 322-324 W Front St, Plainfield, NJ, USA in Plainfield, New Jersey sold for $1.3M in 2021. The building is 20,000 square feet, implying about 62 per square foot on the published price. Marc Shein, NAI Global appear on the sale alongside NAI Global. This page is the Plainfield, New Jersey file for the 322-324 W Front St, Plainfield, NJ, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Plainfield sit in the Market section below. Filter that Plainfield mixed use set by closing date to see what else sold near 322-324 W Front St, Plainfield, NJ, USA around 2021. Published consideration for 322-324 W Front St, Plainfield, NJ, USA is $1.3M, dated 2021. Cite this MAP Front LLC Sells Mixed-Use Property In Plainfield For $1.25M sale when underwriting similar mixed use product around Plainfield, New Jersey.
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