Updated Dec 20, 2023
Bentzion Schechter Acquires Apartments In Plainfield, NJ For $6.375M
312 West 7th Street, Plainfield, New Jersey 07060, United States
$6,375,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The property asset involved in this transaction is an apartment building located at 300-312 W 7th St in Plainfield, NJ. The sale took place on January 5, 2022. The property was sold for a total price of $6,375,000.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $6,375,000
- Address: 300-312 W 7th St, Plainfield, NJ
- Date: January 5, 2022
- Buyer: Bentzion Schechter
- Seller: Eliezer Jeremias
Bentzion Schechter was the buyer in this transaction, while Eliezer Jeremias was the seller. Please note that no additional details were provided regarding the individuals or companies involved in the deal.
Players
Plainfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.49%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93