Updated Oct 28, 2024
270 Caldwell Holding LLC Acquires Multifamily Building In Paterson For $1.1M
270-280 Caldwell Ave, Paterson, NJ, USA
$1,100,000
$114/SF
Building Size
9,600 SF
Asset Type
MultiFamily
Closing
Jun 23, 2021
About this deal
AI
270-280 Caldwell Ave, located in Paterson, was recently sold in a multifamily property transaction. The property spans a total area of 9,600 square feet and was sold for a price of $1,100,000, resulting in a price per square foot of $115.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- SF: 9,600
- PPSF: $115
- Address: 270-280 Caldwell Ave, Paterson
The buyer in this transaction was 270 Caldwell Holding LLC. They acquired the property from Timothy W. Maher.
The multifamily sale at 270-280 Caldwell Ave, Paterson, NJ, USA in Paterson, New Jersey sold for $1.1M in 2021. The building is 9,600 square feet, implying about 114 per square foot on the published price. This page is the Paterson, New Jersey file for the 270-280 Caldwell Ave, Paterson, NJ, USA 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 270-280 Caldwell Ave, Paterson, NJ, USA around 2021. Published consideration for 270-280 Caldwell Ave, Paterson, NJ, USA is $1.1M, dated 2021. Cite this 270 Caldwell Holding LLC Acquires Multifamily Building In Paterson For $1.1M sale when underwriting similar multifamily product around Paterson, New Jersey.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93