Updated Dec 21, 2023
Yoel Katz Acquires Commercial Property In Passaic, NJ For $2M
27 Liberty Street, Passaic, New Jersey 07055, United States
$2,000,000
Building Size
—
Asset Type
Commercial
Closing
Apr 5, 2022
About this deal
AI
The commercial property located at 23-27 Liberty St in Passaic, NJ has been sold in a recent transaction. The sale took place on April 6, 2022, and the property was purchased for a price of $2,000,000. The buyer in this transaction is Yoel Katz, while the seller is Baum Simon.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $2,000,000
- Address: 23-27 Liberty St, Passaic, NJ
- Market: Passaic, NJ
Yoel Katz, represented by their broker, was the buyer in this deal. Baum Simon, also represented by their broker, was the seller. The transaction highlights the active commercial real estate market in Passaic, NJ.
Players
Passaic 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93