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2313 Plainfield Ave South P...

Dr. Roesann Lozinski Sells South Plainfield Retail Property For $3.4M Via Max Levinston - Kislak
SOLDRetail

Dr. Roesann Lozinski Sells South Plainfield Retail Property For $3.4M Via Max Levinston - Kislak

2313 Plainfield Ave South Plainfield, NJ 07080, USA

$3,400,000

$120/SF

Building Size

28,300 SF

Asset Type

Retail

Closing

May 18, 2023

AI

A retail property located at 2313-2325 Plainfield Avenue in South Plainfield has been sold for $3,400,000. The property spans 28,300 square feet, resulting in a price per square foot of $120. The transaction took place on May 18, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,400,000
  • Address: 2313-2325 Plainfield Avenue, South Plainfield
  • Market: South Plainfield
  • Square Footage: 28,300
  • Price per Square Foot: $120

The seller of the retail property was Dr. Roesann Lozinski. Max Levinston of Kislak represented the seller in the transaction.

Players

Max Levinston

Kislak

Broker

$11.7M

vol

7 deals

Broker

South Plainfield Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93