United Real Estate Sells Paterson Multifamily Property For $1.1M With Sergio Limonta As The Broker
SOLD
$1,100,000
New Jersey
See Similar DealsMultiFamily
Sold 05/02/2022
SOLD
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
See Similar DealsMultiFamily
Sold 05/02/2022
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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