Updated Dec 4, 2024
Jeanne Destefano Acquires Office Building In South Plainfield For $1.5M
50 Cragwood Rd, South Plainfield, NJ, USA
$1,500,000
$14/SF
Building Size
104,604 SF
Asset Type
Office
Closing
Mar 29, 2021
About this deal
AI
The office property located at 50 Cragwood Rd in South Plainfield has been sold for $1,500,000. The transaction took place on March 30, 2021. The property is a part of the commercial real estate market in South Plainfield.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
Jeanne Destefano was the buyer in this transaction, while Sheth Haresh acted as the seller.
The office sale at 50 Cragwood Rd, South Plainfield, NJ, USA in South Plainfield, New Jersey sold for $1.5M in 2021. The building is 104,604 square feet, implying about 14 per square foot on the published price. This page is the South Plainfield, New Jersey file for the 50 Cragwood Rd, South Plainfield, NJ, USA office sold: pricing, party profiles, and other closed office comps from the same South Plainfield sit in the Market section below. Filter that South Plainfield office set by closing date to see what else sold near 50 Cragwood Rd, South Plainfield, NJ, USA around 2021. Published consideration for 50 Cragwood Rd, South Plainfield, NJ, USA is $1.5M, dated 2021. Cite this Jeanne Destefano Acquires Office Building In South Plainfield For $1.5M sale when underwriting similar office product around South Plainfield, New Jersey.
Players
South Plainfield Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93