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United Real Estate Sells Paterson Multifamily Property For $1.1M With Sergio Limonta As The Broker

Property Image
SOLD
$1,100,000

New Jersey

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MultiFamily
Sold 05/02/2022
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Property Image
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 Deals
MultiFamily
Sold 05/02/2022
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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.

Players

Sergio Limonta
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Sergio Limonta DATE: 05/02/2022 ADDRESS: 107-109 Highland St MARKET: Paterson ASSET TYPE: Multifamily BROKER: Sergio Limonta - United Real Estate (@United_Re) SALE PRICE: $1,100,000 UNITS: 5 ~ PPU: $220,000

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Operating Expenses (Annual)
Net Operating Income (NOI)

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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
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