Updated Dec 19, 2023
Jennifer Morrtssay Acquires Warehouse On Oak St In Passaic, NJ For $2.815M
268 Oak Street, Passaic, New Jersey 07055, United States
$2,815,000
Building Size
—
Asset Type
Industrial
Closing
Feb 23, 2022
About this deal
AI
The warehouse located at 258-268 Oak St in Passaic, NJ has been sold. The transaction took place on February 24, 2022. The asset type of the property is a warehouse.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,815,000
- Address: 258-268 Oak St, Passaic, NJ
Jennifer Morrtssay is the buyer of the warehouse, while George Solimene is the seller.
Additional information regarding the deal, such as the representatives involved, was not provided.
The industrial sale at 268 Oak Street, Passaic, New Jersey 07055, United States in Passaic, New Jersey sold for $2.8M in 2022. 268 Oak Street, Passaic, New Jersey 07055, United States is classified as Industrial on Traded. This page is the Passaic, New Jersey file for the 268 Oak Street, Passaic, New Jersey 07055, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Passaic sit in the Market section below. Filter that Passaic industrial set by closing date to see what else sold near 268 Oak Street, Passaic, New Jersey 07055, United States around 2022. Published consideration for 268 Oak Street, Passaic, New Jersey 07055, United States is $2.8M, dated 2022. Cite this Jennifer Morrtssay Acquires Warehouse On Oak St In Passaic, NJ For $2.815M sale when underwriting similar industrial product around Passaic, New Jersey.
Players
Passaic Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.64%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93