Updated Dec 19, 2023
Golden Image Realty Acquires Passaic Multifamily For $1.3M
186-188 Harrison St, Passaic, NJ, USA
$1,300,000
$222/SF
Building Size
5,850 SF
Asset Type
MultiFamily
Closing
Aug 22, 2021
About this deal
AI
The multifamily property located at 186-188 Harrison St in Passaic, NJ was recently sold for $1,300,000. The sale took place on August 23, 2021, and the transaction involved 10 units. The price per unit was $130,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 10
- Price Per Unit: $130,000
- Address: 186-188 Harrison St, Passaic, NJ
- Market: Passaic, NJ
The buyer's representative for this transaction was Michael Todaro from Golden Image Realty, Ramsey. On the other hand, the seller was represented by Robert Boscarino from Berkshire Hathaway Home Services Merendino Realty.
Players
Passaic 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93