Dr. Roesann Lozinski Sells South Plainfield Retail Property For $3.4M Via Max Levinston - Kislak
SOLD
$3,400,000
New Jersey
See Similar DealsRetail28,300 SF
Sold 05/18/2023
SOLD
Dr. Roesann Lozinski Sells South Plainfield Retail Property For $3.4M Via Max Levinston - Kislak
2313 Plainfield Ave South Plainfield, NJ 07080, USA
See Similar DealsRetail28,300 SF
Sold 05/18/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:28,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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