Updated Dec 19, 2023
Leigh Rodney Acquires Industrial Property In Paterson For $8.7M
22 Green St, Paterson, NJ, USA
$8,740,349
$90/SF
Building Size
96,360 SF
Asset Type
Industrial
Closing
Apr 7, 2021
About this deal
AI
The industrial property located at 22-36 Green St in Paterson has been sold in a recent transaction. With a total square footage of 96,360, the property was sold for a price of $8,740,349, which equates to a price per square foot of $91.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $8,740,349
- Square Footage: 96,360
- Price Per Square Foot: $91
- Date: 04/08/2021
- Address: 22-36 Green St, Paterson
The buyer in this transaction is Leigh Rodney, while the seller is Douglas & Stewart Graff.
Players
Paterson Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93