Updated Dec 21, 2023
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
$1,695,000
Building Size
—
Asset Type
Retail
Closing
Nov 18, 2021
About this deal
AI
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.
On the Map
$1,695,000
Retail
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Players
North 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
9.36%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93