Updated Sep 14, 2026
Multifamily Property At 185-191 Grove Street Sells For $5M With Robert Squires As The Broker
185 Grove Street
$5,000,000
$255/SF
Building Size
19,560 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 185-191 Grove Street in Passaic. The sale concluded at a price of $5,000,000 for a total of 24 units, resulting in a price per unit of $208,333. The total square footage of the property is 19,560, with a price per square foot of $255.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 24
- Square Footage: 19,560
- Price Per Unit: $208,333
- Price Per Square Foot: $255
- Market: Passaic
The deal was facilitated by broker Robert Squires, who represents Kislak in this transaction, ensuring the complexities of the sale were managed effectively.
On the Map
$5,000,000
$255/SF
MultiFamily
View full map
Players
Passaic MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert Squires to view all their deals.
Browse Passaic multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93