Updated Dec 21, 2023
Mohammad Mahmoud Acquires Commercial Property On Main St In Paterson, NJ For $1M
1011 Main Street, Paterson, New Jersey 07503, United States
$1,000,000
Building Size
—
Asset Type
Commercial
Closing
Mar 3, 2022
About this deal
AI
The commercial property located at 1011 Main St in Paterson, NJ has been sold in a recent transaction. The sale took place on 03/04/2022 for a total price of $1,000,000. The property is categorized as a commercial asset.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $1,000,000
- Address: 1011 Main St, Paterson, NJ
- Market: Paterson, NJ
The buyer of the property is Mohammad Mahmoud, while the seller is Husam Abuzahrieh.
The commercial sale at 1011 Main Street, Paterson, New Jersey 07503, United States in Paterson, New Jersey sold for $1M in 2022. 1011 Main Street, Paterson, New Jersey 07503, United States is classified as Commercial on Traded. This page is the Paterson, New Jersey file for the 1011 Main Street, Paterson, New Jersey 07503, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Paterson sit in the Market section below. Filter that Paterson commercial set by closing date to see what else sold near 1011 Main Street, Paterson, New Jersey 07503, United States around 2022. Published consideration for 1011 Main Street, Paterson, New Jersey 07503, United States is $1M, dated 2022. Cite this Mohammad Mahmoud Acquires Commercial Property On Main St In Paterson, NJ For $1M sale when underwriting similar commercial product around Paterson, New Jersey.
Players
Paterson Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93