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Isidoro Mora Acquires 14-Unit Multifamily Property In Paterson For $1.65M With Casey Egan As The Broker

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SOLD
$1,650,000

New Jersey

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MultiFamily7,584 SF
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Isidoro Mora Acquires 14-Unit Multifamily Property In Paterson For $1.65M With Casey Egan As The Broker

520 526 East 39th Street

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MultiFamily7,584 SF
Sold
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:7584 SF
Transaction Type:Sale

A 14-unit multifamily property located at 520-526 East 39th Street in Paterson, New Jersey, has been sold for $1,650,000. The asset spans a total of 7,584 square feet and has an average price per unit of $117,857, translating to a price per square foot of $217. The property is situated in Passaic County, conveniently located just off of route 80.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,650,000
  • Units: 14
  • Price Per Unit: $117,857
  • Total Square Feet: 7,584
  • Price Per Square Foot: $217
  • Buyer: Isidoro Mora
  • Seller: Jeremy Geller & Pat Zamito
  • Broker: Casey Egan - Ripco
  • Cap Rate: 4.69%

Casey Egan from Ripco represented the seller in this transaction, successfully procuring multiple offers through an exclusive marketing process. The property attracted buyers due to its substantial upside in rental income and the availability of on-site parking.

Players

Casey Egan
Ripco
Casey Egan
10 deals$37.1M volume
BROKER

Details

SOLD
IMAGE: Casey Egan DATE: 10/15/2025 ADDRESS: 520-526 East 39th Street MARKET: Paterson ASSET TYPE: Multifamily BUYER: Isidoro Mora SELLER: Jeremy Geller & Pat Zamito BROKER: Casey Egan (@JerseyApartmentBroker) - Ripco (@RipcoRealEstate) SALE PRICE: $1,650,000 UNITS: 14 ~ PPU: $117,857 SF: 7,584 ~ PPSF: $217 NOTE FROM BROKER: Casey Egan & RIPCO Real Estate are pleased to announce the closing of a 14-unit multifamily property in Paterson, New Jersey. The property, in Passaic County, is located just off of route 80. RIPCO represented the seller and procured multiple offers through an exclusive marketing process. The deal sold for a 4.69% Cap rate & buyers were attracted to he deal due to its substantial upside in rental income and on-site parking.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10