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226 4th Street

Hungarian Reform Church Of Passaic Sells Package Deal In Passaic For $3 Million
SOLDPackage Deal

Hungarian Reform Church Of Passaic Sells Package Deal In Passaic For $3 Million

226 4th Street

$3,000,000

$157/SF

Building Size

19,085 SF

Asset Type

Package Deal

Closing

Jan 8, 2025

AI

This transaction involves a package deal located at 226 4th Street in Passaic. The sale price was $3,000,000 for a total square footage of 19,085, resulting in a price per square foot of $157.

Summary of transaction details:

The representatives in this transaction include Tarang Ramani and Eduardo Lopez, who represented the seller, and Adam Bickoff, acting as the buyer's representative. These professionals facilitated the transaction, ensuring all necessary details were addressed during the process.

Players

Adam Bickoff

Broker

$5.5M

vol

3 deals

Broker
Compass
CompassBrokerage

Passaic Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93