Updated Oct 29, 2024
GMX LLC Sells Passaic Multifamily For $5.35M With Debbie Pomerantz - Gebroe-Hammer Associates
40 4th St #44 Passaic, NJ 07055, USA
$5,350,000
Units
33
Asset Type
MultiFamily
Closing
Nov 21, 2022
About this deal
AI
A multifamily property located at 40-44 Fourth St. in Passaic has been sold for $5,350,000. The property consists of 33 units, with an average price per unit of $162,121. The sale took place on 11/21/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 40-44 Fourth St., Passaic
- Market: Passaic
- Units: 33
- Price Per Unit (PPU): $162,121
The seller of the property was GMX LLC. The sale was brokered by Debbie Pomerantz from Gebroe-Hammer Associates.
The multifamily sale at 40 4th St #44 Passaic, NJ 07055, USA in Passaic, New Jersey sold for $5.4M in 2022. Reported inventory is 33 units across 33 units. Debbie Pomerantz, Gebroe-Hammer Associates appear on the sale alongside Gebroe-Hammer Associates. This page is the Passaic, New Jersey file for the 40 4th St #44 Passaic, NJ 07055, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Passaic sit in the Market section below. Filter that Passaic multifamily set by closing date to see what else sold near 40 4th St #44 Passaic, NJ 07055, USA around 2022. Published consideration for 40 4th St #44 Passaic, NJ 07055, USA is $5.4M, dated 2022. Cite this GMX LLC Sells Passaic Multifamily For $5.35M With Debbie Pomerantz - Gebroe-Hammer Associates sale when underwriting similar multifamily product around Passaic, New Jersey.
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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93