Updated Dec 21, 2023
CBRE Brokers Trevor Fiebel And Nat Gambuzza Facilitate $6.4M Sale Of Multifamily Property In Plainfield, NJ
300 West 7th Street, Plainfield, New Jersey 07060, United States
$6,375,000
$226/SF
Building Size
28,140 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The multifamily property located at 300 W. 7th Street in Plainfield, NJ has been sold for a price of $6,375,000. The transaction took place on 01/05/2022 and was facilitated by the brokers Trevor Fiebel and Nat Gambuzza from CBRE. The property consists of 33 units, with an average price per unit of $193,181. It spans a total area of 28,140 square feet, resulting in a price per square foot of $226.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,375,000
- Units: 33
- Price per Unit: $193,181
- Square Footage: 28,140
- Price per Square Foot: $226
- Transaction Date: 01/05/2022
- Market: Plainfield, NJ
Trevor Fiebel and Nat Gambuzza from CBRE were the brokers involved in the deal. They represented the buyer and seller in this transaction, showcasing their expertise in the multifamily market in Plainfield, NJ.
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