Updated Dec 21, 2023
Eric Rabbani Acquires Apartment In Paterson, NJ For $3.85M
768 21st Avenue, Paterson, New Jersey 07513, United States
$3,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
764-768 21st Ave, an apartment building located in Paterson, NJ, has been sold in a closed transaction. The property was purchased for a price of $3,850,000.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $3,850,000
- Address: 764-768 21st Ave
- Market: Paterson, NJ
Eric Rabbani acted as the buyer in this transaction, while Rabbani Eric served as the seller.
The multifamily sale at 768 21st Avenue, Paterson, New Jersey 07513, United States in Paterson, New Jersey sold for $3.9M in 2022. 768 21st Avenue, Paterson, New Jersey 07513, United States is classified as Multifamily on Traded. This page is the Paterson, New Jersey file for the 768 21st Avenue, Paterson, New Jersey 07513, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Paterson sit in the Market section below. Filter that Paterson multifamily set by closing date to see what else sold near 768 21st Avenue, Paterson, New Jersey 07513, United States around 2022. Published consideration for 768 21st Avenue, Paterson, New Jersey 07513, United States is $3.9M, dated 2022. Cite this Eric Rabbani Acquires Apartment In Paterson, NJ For $3.85M sale when underwriting similar multifamily product around Paterson, New Jersey.
Players
Paterson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93