Updated Dec 21, 2023
United Real Estate Sells Paterson Multifamily Property For $1.1M With Sergio Limonta As The Broker
107-109 Highland Street, Paterson, New Jersey 07524, United States
$1,100,000
Units
5
Asset Type
MultiFamily
Closing
May 1, 2022
About this deal
AI
An multifamily property located at 107-109 Highland St in Paterson has been sold for $1,100,000. The property consists of 5 units, with a per unit price of $220,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 5
- Price Per Unit: $220,000
The sale was facilitated by Sergio Limonta of United Real Estate.
The multifamily sale at 107-109 Highland Street, Paterson, New Jersey 07524, United States in Paterson, New Jersey sold for $1.1M in 2022. Reported inventory is 5 units across 5 units. Sergio Limonta, United Real Estate appear on the sale alongside United Real Estate. This page is the Paterson, New Jersey file for the 107-109 Highland Street, Paterson, New Jersey 07524, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Paterson sit in the Market section below. Filter that Paterson multifamily set by closing date to see what else sold near 107-109 Highland Street, Paterson, New Jersey 07524, United States around 2022. Published consideration for 107-109 Highland Street, Paterson, New Jersey 07524, United States is $1.1M, dated 2022. Cite this United Real Estate Sells Paterson Multifamily Property For $1.1M With Sergio Limonta As The Broker sale when underwriting similar multifamily product around Paterson, New Jersey.
Players
Paterson 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93