SOLD
56 13th Ave Multifamily In Paterson, NJ Sells For $2.88M By Buyer 56 13th Ave LLC And Seller NS 107 Properties
56 13th Avenue
MultiFamily
8,124 SF
8,124 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
MultiFamily
8,124 sqft
The property involved in this transaction is a multifamily asset located at 56 13th Ave in Paterson, NJ. The sale took place on 05/20/2021. The buyer, 56 13th Ave LLC, purchased the property from the seller, NS 107 Properties. The deal was facilitated by brokers Daniel Aviles from Aviles Group and Casey Egan from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,880,000
- Address: 56 13th Ave, Paterson, NJ
- Market: Paterson, NJ
This transaction involved the sale of a 15-unit multifamily property at a price of $192,000 per unit. The capitalization rate for the deal was 6. It is worth noting that this deal represents the second highest ever price per unit in Paterson, NJ. The Aviles Group previously set the record last year with a price of $208,552 per unit. If you have any multifamily investment needs in Northern NJ, you can reach out to Daniel Aviles at (201) 742-6148 or Casey Egan at (201) 742-6112.
Players
All
2
Agents
2
Details
SOLD
IMAGE: Daniel Aviles & Casey Egan
DATE: 05/20/2021
ADDRESS: 56 13th Ave
MARKET: Paterson, NJ
ASSET TYPE: Multifamily
BUYER: 56 13th Ave LLC
SELLER: NS 107 Properties
BROKERS: Daniel Aviles @AvilesGroup, Casey Egan - Marcus & Millichap @MarcusMillichap_newjersey
SALE PRICE: $2,880,000
UNITS: 15 ~ PPU: $192,000
CAP: 6
NOTE: This deal represents the second highest ever price per unit in Paterson, NJ. The Aviles Group set the record last year at $208,552/unit.
If you have any multifamily investment needs in Northern NJ, reach out
Daniel Aviles (201) 742-6148
Casey Egan (201) 742-6112View on map
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Address56 13th Avenue
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