Updated Jan 30, 2024
Richard J Saker Acquires Miscellaneous Property In South Plainfield, NJ For $21.3M
4801 Stelton Road, South Plainfield, New Jersey 07080, United States
$21,300,000
Building Size
—
Asset Type
Other
Closing
Mar 28, 2022
About this deal
AI
The property that was sold in a closed transaction on March 29, 2022 is located at 4801 Stelton Rd in South Plainfield, NJ. The asset type is classified as Miscellaneous. The transaction involved the buyer, Richard J Saker, and the seller, Loomis J Grossman Jr. The sale price for the property was $21,300,000.
Summary of transaction details:
- Property Type: Miscellaneous
- Transaction Amount: $21,300,000
- Address: 4801 Stelton Rd, South Plainfield, NJ
- Market: South Plainfield, NJ
Richard J Saker acted as the buyer in this transaction, while Loomis J Grossman Jr served as the seller. Both individuals played a significant role in the closed deal.
Players
Piscataway Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93