Updated Dec 20, 2023
Rivka Weingarten Acquires Apartments In Clifton, NJ For $2.55M
146 Getty Avenue, Paterson, New Jersey 07503, United States
$2,550,000
$351/SF
Building Size
7,260 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
The property at 142-146 Getty Ave in Clifton, NJ has been sold. The asset type is apartments, with a total square footage of 7,620. The sale took place on 03/03/2022, and the buyer is Rivka Weingarten. The seller of the property is Guido Barchini & Murtaza Konak. The transaction was completed for a price of $2,550,000, resulting in a price per square foot of $334.
Summary of transation details
- Property Type: Apartments
- Transaction Amount: $2,550,000
- Square Footage: 7,620
- Market: Clifton, NJ
Rivka Weingarten was the buyer in this transaction, while Guido Barchini & Murtaza Konak acted as the sellers. It is an important deal in the Clifton, NJ market, with the property being sold for a significant amount. The transaction highlights the demand for apartments in the area and the involvement of key individuals in the real estate market.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93