Updated Dec 21, 2023
Joseph Steiner Acquires Apartment Building On Trenton Ave, Paterson, NJ From Luca Nicolas For $1.5M
142 Trenton Avenue, Paterson, New Jersey 07513, United States
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 2, 2022
About this deal
AI
An apartment located at 138-142 Trenton Ave in Paterson, NJ was recently sold for a price of $1,500,000. The transaction took place on 02/03/2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $1,500,000
- Address: 138-142 Trenton Ave, Paterson, NJ
- Market: Paterson, NJ
The buyer of the apartment is Joseph Steiner, while the seller is Luca Nicolas.
The multifamily sale at 142 Trenton Avenue, Paterson, New Jersey 07513, United States in Paterson, New Jersey sold for $1.5M in 2022. 142 Trenton Avenue, Paterson, New Jersey 07513, United States is classified as Multifamily on Traded. This page is the Paterson, New Jersey file for the 142 Trenton Avenue, Paterson, New Jersey 07513, 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 142 Trenton Avenue, Paterson, New Jersey 07513, United States around 2022. Published consideration for 142 Trenton Avenue, Paterson, New Jersey 07513, United States is $1.5M, dated 2022. Cite this Joseph Steiner Acquires Apartment Building On Trenton Ave, Paterson, NJ From Luca Nicolas For $1.5M sale when underwriting similar multifamily product around Paterson, New Jersey.
Players
Paterson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93