Updated Feb 16, 2024
CBRE Brokers Sell Plainfield Development Site On South Ave For $4.65M
803 South Avenue, Plainfield, NJ 07062, USA
$4,650,000
Units
105
Asset Type
Mixed-use
Closing
Apr 11, 2021
About this deal
AI
A development site located at 803 South Ave. in Plainfield has been sold for $4,650,000. The transaction took place on April 12, 2021. The property is a development site and is situated in the Plainfield market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,650,000
- Address: 803 South Ave.
- Market: Plainfield
The sale of the development site was facilitated by CBRE. The brokers involved in the transaction were Nat Gambuzza, Trevor Fiebel, Spencer Beriont, and Tim Blashford from CBRE.
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93