Updated Dec 21, 2023
Steven Gelbtuch Acquires Passaic Apartment For $3.55M
3 3rd Street, Passaic, New Jersey 07055, United States
$3,550,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 10, 2022
About this deal
AI
An apartment building located at 1-3 3rd St in Passaic, NJ was recently sold in a transaction that closed on January 26, 2022. The property was sold for a total price of $3,550,000.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $3,550,000
The buyer of the property is Steven Gelbtuch, while the seller is Stephen W O'Connell.
The multifamily sale at 3 3rd Street, Passaic, New Jersey 07055, United States in Passaic, New Jersey sold for $3.6M in 2022. 3 3rd Street, Passaic, New Jersey 07055, United States is classified as Multifamily on Traded. Named participants on the 3 3rd Street, Passaic, New Jersey 07055, United States sale are Stephen W O'Connell. This page is the Passaic, New Jersey file for the 3 3rd Street, Passaic, New Jersey 07055, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Passaic sit in the Market section below. Filter that Passaic multifamily set by closing date to see what else sold near 3 3rd Street, Passaic, New Jersey 07055, United States around 2022. Published consideration for 3 3rd Street, Passaic, New Jersey 07055, United States is $3.6M, dated 2022. Cite this Steven Gelbtuch Acquires Passaic Apartment For $3.55M sale when underwriting similar multifamily product around Passaic, New Jersey.
Players
Passaic MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93