NAI DiLeo-Bram & Co. Brokers Sell Retail Property On Park Ave In Plainfield For $1.7M
SOLD
$1,700,000
New Jersey
See Similar DealsRetail12,143 SF
Sold 06/09/2022
SOLD
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
See Similar DealsRetail12,143 SF
Sold 06/09/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$140
Total Square Footage:12,143 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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