SOLDMultiFamily
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
Building Size
—
Asset Type
MultiFamily
Closing
Nov 21, 2022
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.
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