1411 Bradford LLC Acquires 8-Unit Multifamily Property In Plainfield, NJ For $715K

Located in Plainfield City, New Jersey, this multifamily property at 1140 Bradford Street & 1630 West Front Street has recently changed hands in a closed transaction. The sale was facilitated by James S Chiarello, a reputable broker representing the buyer, 1411 Bradford LLC, and the seller, Front Plainfield LLC. The property consists of eight units and was sold for a total price of $715,000, resulting in a per unit price of $89,375.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $715,000
• Units: 8
• Date: 04/20/2021
• Address: 1140 Bradford Street & 1630 West Front Street, Plainfield City, NJ
• Market: Plainfield City, NJ
• Buyer: 1411 Bradford LLC
• Seller: Front Plainfield LLC
• Broker: James S Chiarello

This transaction presents a great opportunity for value-add potential, as the property is located in Plainfield, NJ. It is worth noting that a similar transaction took place in April 2020, where the property was sold for approximately $90,000 per unit. For more information on similar deals, interested parties can get in touch with James Chiarello at 609-864-5766.