Updated Oct 28, 2024
Madison Ave Apt LP Acquires Multifamily Property On 607-611 Madison Ave For $4.125M
607-611 Madison Ave, Plainfield, NJ, USA
$4,125,000
$169/SF
Building Size
24,304 SF
Asset Type
MultiFamily
Closing
Mar 8, 2021
About this deal
AI
Located at 607-611 Madison Ave in Plainfield, this multifamily property was recently sold in a closed transaction. The property spans 24,304 square feet with a price per square foot of $170, resulting in a total sale price of $4,125,000. The buyer, Madison Ave Apt LP, acquired this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Square Footage: 24,304
- Price per Square Foot: $170
- Address: 607-611 Madison Ave, Plainfield
- Market: Plainfield
In this transaction, Madison Ave Apt LP acted as the buyer. The deal was successfully concluded, and the property changed hands, highlighting the active involvement of key individuals and companies in the real estate market.
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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93