Updated Oct 28, 2024
98 Broadway LLC Acquires Mixed-Use Property In Downtown Paterson For $1.25M
98 Broadway, Paterson, New Jersey 07505, United States
$1,250,000
$144/SF
Building Size
8,642 SF
Asset Type
Mixed-use
Closing
Nov 22, 2021
About this deal
AI
An 8,642 square foot mixed-use property located at 98-100 Broadway in Downtown, Paterson, was recently sold for $1,250,000. The sale was finalized on November 22, 2021. The property was purchased by 98 Broadway LLC from the seller, 1017 Main St LLC.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Address: 98-100 Broadway, Downtown, Paterson
- Square Footage: 8,642
- Price Per Square Foot: $145
- Market: Downtown, Paterson
Mahmoud Ijbara of Compass represented both parties as the broker in this transaction.
Players
Elmwood Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93