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700 Park Avenue
Plainfield, NJ 07060
Asking Price
$1.85M
Asset Type
Bank Retail
Class
Class B
What's Special
Mixed Use Redevelopment Opportunity <p><span style="color: rgba(34, 34, 34, 1)">This district is zoned CBD which permits mixed-use residential dwellings; childcare centers; retail; personal service establishments, offices (including medical offices); banks; health and fitness clubs; art galleries and studios; theaters; hotels; restaurants; taverns; nightclubs; banquet halls; parking garages and lots; recording studios; senior centers and repair shops. Outdoor dining is permitted as an accessory use. </span></p>
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NOI
$80,000
Cap Rate
4.32%
DSCR
0.73
Underwater
Cash-on-Cash
-5.38%
Monthly Payment
$9,152.791
Annual Cash Flow
$-29,833.487
