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62 Wall Street, Passaic, NJ...

Updated Dec 21, 2023

Group Twenty Six, LLC Acquires Multifamily Property On Wall St, Passaic, NJ For $1.1M
SOLDMultiFamily

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.

Players

Vanessa Regalado-Capa

Broker

$1.1M

vol

1 deal

Broker

Passaic MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $139 per square foot on a published $1.1M for 8,000 square feet (2021).

Visit Vanessa Regalado-Capa to view all their deals.

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

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