Updated Dec 19, 2023
Abimael Calixto & Myra Ruiz Acquire Commercial Property In Paterson For $1.1M
288-290 20th Ave, Paterson, NJ, USA
$1,100,000
$102/SF
Building Size
10,720 SF
Asset Type
Commercial
Closing
Apr 7, 2021
About this deal
AI
The commercial property located at 288-290 20th Ave in Paterson has been sold for a total price of $1,100,000. The property spans across 10,720 square feet, resulting in a price per square foot of $103. The transaction took place on 04/08/2021.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $1,100,000
- Square Footage: 10,720
- Price per Square Foot: $103
The buyers of the property are Abimael Calixto and Myra Ruiz, while the sellers are Mahbub and Mehraj Husain.
The commercial sale at 288-290 20th Ave, Paterson, NJ, USA in Paterson, New Jersey sold for $1.1M in 2021. The building is 10,720 square feet, implying about 102 per square foot on the published price. This page is the Paterson, New Jersey file for the 288-290 20th Ave, Paterson, NJ, USA 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 288-290 20th Ave, Paterson, NJ, USA around 2021. Published consideration for 288-290 20th Ave, Paterson, NJ, USA is $1.1M, dated 2021. Cite this Abimael Calixto & Myra Ruiz Acquire Commercial Property In Paterson For $1.1M sale when underwriting similar commercial product around Paterson, New Jersey.
Players
Paterson Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93