Updated Dec 20, 2023
Jennifer Biddul Acquires Commercial Property In Paterson, NJ For $2.9M
190 Franklin Street, Paterson, New Jersey 07524, United States
$2,900,000
Building Size
—
Asset Type
Commercial
Closing
Dec 29, 2021
About this deal
AI
The commercial property located at 178-190 Franklin St & 201 Lafayette St in Paterson, NJ was recently sold in a transaction that closed on December 30, 2021. The property was purchased by Jennifer Biddul for a price of $2,900,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $2,900,000
- Address: 178-190 Franklin St & 201 Lafayette St, Paterson, NJ
Jennifer Biddul acquired the property from the seller, Depasquale Thomas III.
The commercial sale at 190 Franklin Street, Paterson, New Jersey 07524, United States in Paterson, New Jersey sold for $2.9M in 2021. 190 Franklin Street, Paterson, New Jersey 07524, United States is classified as Commercial on Traded. This page is the Paterson, New Jersey file for the 190 Franklin Street, Paterson, New Jersey 07524, 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 190 Franklin Street, Paterson, New Jersey 07524, United States around 2021. Published consideration for 190 Franklin Street, Paterson, New Jersey 07524, United States is $2.9M, dated 2021. Cite this Jennifer Biddul Acquires Commercial Property In Paterson, NJ For $2.9M sale when underwriting similar commercial product around Paterson, New Jersey.
Players
Paterson Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93