Gebroe-Hammer Associates Sells Paterson Multifamily Portfolio For $12.36M
330 East 23rd Street, Paterson, New Jersey 07514, United States
$12,360,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2022
AI
Debbie Pomerantz of Gebroe-Hammer Associates facilitated the sale of a multifamily property located in Paterson. The property consists of 83 units and is situated at 330 East 23rd St, 112 Coral & 94-96 North 9th Streets, 557 East 28th & 592 East 29th Street, 353 & 369 Fair St., and 90-92 North 5th St.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $12,360,000
- Units: 83
- Price per Unit (PPU): $148,916
The transaction was closed on 06/09/2022. Debbie Pomerantz from Gebroe-Hammer Associates represented the parties involved in the deal.
Paterson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93