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Jason Peter Of Realty Executives Represents Buyer In $1.33M Multifamily Sale In Paramus

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SOLD
$1,333,000

New Jersey

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MultiFamily
Sold 09/18/2024
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Property Image
SOLD

Jason Peter Of Realty Executives Represents Buyer In $1.33M Multifamily Sale In Paramus

90 Colgate Avenue

See Similar Deals
MultiFamily
Sold 09/18/2024
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale

A renovated two-family residence located at 90 Colgate Avenue in Paramus has been sold for $1.333 million, with a price per unit set at $666,500. The asset comprises two units, signifying its multifamily designation in the Paramus market.

Summary of transaction details:

In this transaction, Jason Peter represented the buyer, facilitating the purchase, while Wendy Esposito represented the seller, overseeing the sale process. The representatives played a crucial role in bringing the deal to fruition within the competitive real estate market.

Players

Wendy Esposito
1 deal$1.3M volume(201) 248-7665
BROKER

Jason Peter
Realty Executives
1 deal$1.3M volume(201) 245-1625
BROKER

Details

SOLD
IMAGE: Jason Peter & Wendy Esposito DATE: 09/18/2024 ADDRESS: 90 Colgate Avenue MARKET: Paramus ASSET TYPE: Multifamily BUYER'S REP: Jason Peter - Realty Executives Exceptional Realtors SELLER'S REP: Wendy Esposito (@Wendyhhk) - Christie's International Real Estate (@ChristiesRealEstate) SALE PRICE: $1,333,000 UNITS: 2 ~ PPU: $666,500 NOTE: A renovated two-family residence at 90 Colgate Avenue in Paramus has sold for $1.333 million, with a price per unit of $666,500. Jason Peter of Realty Executives Exceptional Realtors represented the buyer, while Wendy Esposito of Christie's International Real Estate represented the seller in the transaction.

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

$71,093.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,735.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,319.10
Annual Debt Service$75,829.20