Updated Sep 22, 2026
Joseph Smouha Of Mynt Equities Acquires Industrial Asset In Paterson For $4.6M
66 East 26th Street, Paterson
$4,600,000
$153/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Aug 3, 2026
About this deal
AI
The transaction involved an industrial asset located at 66 East 26th Street, Paterson, with a square footage of 55,000 and a sale price of $4,600,000, which translates to a price per square foot of $84.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Address: 66 East 26th Street
- Market: Paterson
- Square Footage: 55,000
- Price per Square Foot: $84
- Buyer: Joseph Smouha - Mynt Equities
- Seller: Andrew Levinson
- Broker Representatives: Cole Malinowski & Devin Foderaro - Vivid Arc Group - Keller Williams Realty
Vivid Arc Group successfully facilitated this off-market transaction involving Mynt Equities, which has over 20 years of experience in acquiring and managing industrial assets throughout Northern New Jersey, providing a fully integrated, owner-operated platform. The brokers for this transaction are Cole Malinowski and Devin Foderaro, who can be contacted at 732.861.4433 and 732.998.1826, respectively.
On the Map
$4,600,000
$153/SF
Industrial
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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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93