Updated Oct 29, 2024
Amboy Bank Provides $2.15M Loan For Multifamily Properties In Paterson, NJ
773 East 19th Street
$2,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2020
About this deal
AI
The recently closed property transaction in Paterson, NJ involved a multifamily asset located at 773 East 19th Street and 149-151 Warren Street. The property, a part of the Paterson market, was the subject of the transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Lender: Amboy Bank
- Brokers: Frank Stanislaski - Progress Capital
- Date: 07/28/2021
The loan for this transaction was provided by Amboy Bank. The brokers handling this deal were Frank Stanislaski and Gabby Cali from Progress Capital.
Players
Paterson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93