Alan Cafiero, Brent Hyldahl & Ben Sgambati Of Marcus & Millichap Sell Retail Property In North Plainfield For $1.695M
SOLD
$1,695,000
New Jersey
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Sold
SOLD
Alan Cafiero, Brent Hyldahl & Ben Sgambati Of Marcus & Millichap Sell Retail Property In North Plainfield For $1.695M
865 U.S. 22, North Plainfield, NJ, USA
See Similar DealsRetail
Sold
Summary
NEW JERSEY
Asset Type:Retail
Transaction Type:Sale
Located at 865 Route 22 in North Plainfield, this retail property was recently sold on November 18, 2021. The sale price for the property was $1,695,000. The asset consists of a retail space situated on Route 22.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,695,000
- Address: 865 Route 22, North Plainfield
- Market: North Plainfield
The sale was facilitated by Alan Cafiero, Brent Hyldahl, and Ben Sgambati of Marcus & Millichap. They acted as the brokers in the transaction, representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,021.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,035.16
Annual Debt Service$96,421.98
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