Carlos Garcia Acquires Commercial & Industrial Property In Paterson, NJ From Seller Richard Haddad
527-537 East 33rd Street, Paterson, New Jersey 07504, United States
$1,350,000
Building Size
—
Asset Type
Commercial
Closing
Mar 23, 2022
AI
The commercial and industrial property located at 506-526 E 34th St & 527-537 E 33rd St in Paterson, NJ has been sold in a recent transaction. The sale took place on March 24, 2022. The property was purchased by Carlos Garcia from Richard Haddad for a price of $1,350,000.
Summary of transaction details
- Property Type: Commercial & Industrial
- Transaction Amount: $1,350,000
- Market: Paterson, NJ
Carlos Garcia is the buyer of the property, and Richard Haddad is the seller. The transaction represents a successful sale of this commercial and industrial asset in Paterson, NJ.
Players
Paterson Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93