Updated Dec 20, 2023
Deena Gestelner Acquires Apartments In Passaic, NJ For $1M
21 Brinkerhoff Place, Passaic, New Jersey 07055, United States
$1,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 19, 2022
About this deal
AI
Located in Passaic, NJ, the property at 21-23 Brinkerhoff Pl has recently been sold in a transaction that took place on 09/20/2022. This property is classified as an apartment building, offering multiple units for residential purposes.
Summary of transaction details
- Property Type: Apartments
- Transaction Amount: $1,000,000
- Address: 21-23 Brinkerhoff Pl, Passaic, NJ
The buyer of the property is Deena Gestelner, while the seller is Moshe Masri. This transaction marks a significant change in ownership for the apartment building, with Deena Gestelner acquiring the property from Moshe Masri for a price of $1,000,000.
Players
Passaic 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93