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Steven Geibtuch Purchases 6 Unit Multi Family At 1 4th Street Passaic For $1.3M

Property Image
SOLD
$1,300,000
Henry Eisenstein
Cole Malinowski
+ 1

New Jersey

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MultiFamily5,000 SF
Sold 11/01/2024
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Property Image
SOLD

Steven Geibtuch Purchases 6 Unit Multi Family At 1 4th Street Passaic For $1.3M

1 4th Street

See Similar Deals
MultiFamily5,000 SF
Sold 11/01/2024
Henry Eisenstein
Cole Malinowski
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:5,000 SF
Transaction Type:Sale

This transaction involves a 6 Unit Multi Family property located at 1 4th Street in the Passaic market. The sale price was $1,300,000, with an approximate price per unit of $216,667. The total square footage of the asset is 5,000, resulting in a price per square foot of $260.

Summary of transaction details:

The transaction involved key individuals from multiple brokerage firms. Joseph Spinella represented the seller through KW Commercial, while Cole Malinowski and Devin Foderaro facilitated the deal on behalf of Keller Williams Realty. Henry Eisenstein, representing EXP Realty, was also involved in the transaction as a broker representing one of the parties.

Players

Joseph Spinella
24 deals$55.7M volume(732) 546-7501
BROKER

Henry Eisenstein
EXP Realty
18 deals$64M volume(908) 216-6532
BROKER

Cole Malinowski
Keller Williams Realty
7 deals$16.1M volume(732) 861-4433
BROKER

Devin Foderaro
Keller Williams Realty
6 deals$10.7M volume(732) 998-1826
BROKER

Details

SOLD
IMAGE: Joseph Spinella, Cole Malinowski, Henry Eisenstein & Devin Foderaro DATE: 11/01/2024 ADDRESS: 1 4th Street MARKET: Passaic ASSET TYPE: 6 Unit Multi Family BUYER: Steven Geibtuch SELLER: Vincent Saruo BROKERS: Joseph Spinella (@JoeyRealEstatekw) - KW Commercial (@KW_Commercial); Cole Malinowski (@Cole.Mali) & Devin Foderaro (@DevinFod) - Keller Williams Realty (@KellerWilliamsRealty); Henry Eisenstein @HenryEisenstein) - EXP Realty (@ExpRealty_) SALE PRICE: $1,300,000 UNITS: 6 ~ PPU: $216,667 SF: 5,000 ~ PPSF: $260

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
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