Updated Dec 21, 2023
Group Twenty Six, LLC Acquires Multifamily Property On Wall St, Passaic, NJ For $1.1M
62 Wall Street, Passaic, NJ, USA
$1,117,500
$139/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Sep 8, 2021
About this deal
AI
A multifamily property located at 62 Wall St in Passaic, NJ has been sold for $1,117,500. The property spans 8,000 square feet, resulting in a price per square foot of $140. The sale was facilitated by Vanessa Regalado-Capac of Group Twenty Six, LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,117,500
- Address: 62 Wall St, Passaic, NJ
- Market: Passaic, NJ
Vanessa Regalado-Capac from Group Twenty Six, LLC played a pivotal role as the broker in this transaction.
The multifamily sale at 62 Wall Street, Passaic, NJ, USA in Passaic, New Jersey sold for $1.1M in 2021. The building is 8,000 square feet, implying about 139 per square foot on the published price. Named participants on the 62 Wall Street, Passaic, NJ, USA sale are Vanessa Regalado-Capa. This page is the Passaic, New Jersey file for the 62 Wall Street, Passaic, NJ, 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 62 Wall Street, Passaic, NJ, USA around 2021. Published consideration for 62 Wall Street, Passaic, NJ, USA is $1.1M, dated 2021. Cite this Group Twenty Six, LLC Acquires Multifamily Property On Wall St, Passaic, NJ For $1.1M sale when underwriting similar multifamily product around Passaic, New Jersey.
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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
14.20%
Cash-on-Cash
-4.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93