Updated Dec 20, 2023
NAI DiLeo-Bram & Co. Brokers Sell Retail Property On Park Ave In Plainfield For $1.7M
607 Park Avenue, Plainfield, New Jersey 07060, United States
$1,700,000
$140/SF
Building Size
12,143 SF
Asset Type
Retail
Closing
Jun 8, 2022
About this deal
AI
A retail property located at 607-619 Park Ave in Plainfield has been sold for a total of $1,700,000. The property spans 12,143 square feet, resulting in a price per square foot of $140.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,700,000
- Square Footage: 12,143
- Price per Square Foot: $140
- Address: 607-619 Park Ave, Plainfield
- Market: Plainfield
The sale of this retail property was facilitated by brokers Marc Shein and Kelly Bayer from NAI DiLeo-Bram & Co.
The retail sale at 607 Park Avenue, Plainfield, New Jersey 07060, United States in Plainfield, New Jersey sold for $1.7M in 2022. The building is 12,143 square feet, implying about 140 per square foot on the published price. Kelly Bayer, Marc Shein, NAI Global appear on the sale alongside NAI Global. This page is the Plainfield, New Jersey file for the 607 Park Avenue, Plainfield, New Jersey 07060, United States retail sold: pricing, party profiles, and other closed retail comps from the same Plainfield sit in the Market section below. Filter that Plainfield retail set by closing date to see what else sold near 607 Park Avenue, Plainfield, New Jersey 07060, United States around 2022. Published consideration for 607 Park Avenue, Plainfield, New Jersey 07060, United States is $1.7M, dated 2022. Cite this NAI DiLeo-Bram & Co. Brokers Sell Retail Property On Park Ave In Plainfield For $1.7M sale when underwriting similar retail product around Plainfield, New Jersey.
Players
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93