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

Property Image
SOLD
$3,000,000
Tarang Ramani
Adam Bickoff
Eduardo Lopez

New Jersey

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Package Deal19,085 SF
Sold 01/08/2025
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Property Image
SOLD

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

226 4th Street

See Similar Deals
Package Deal19,085 SF
Sold 01/08/2025
Tarang Ramani
Adam Bickoff
Eduardo Lopez
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Package Deal
Price Per Square Foot:$157
Total Square Footage:19,085 SF
Transaction Type:Sale

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
Adam Bickoff
3 deals$5.5M volume
BROKER
Tarang Ramani
Lee & Associates
Tarang Ramani
3 deals$7.1M volume
BROKER
Eduardo Lopez
Lee & Associates
Eduardo Lopez
4 deals$3M volume(973) 319-5305
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: Tarang Ramani, Eduardo Lopez & Adam Bickoff DATE: 01/08/2025 ADDRESS: 226 4th Street MARKET: Passaic ASSET TYPE: Package Deal SELLER: Hungarian Reform Church of Passaic SELLER'S REP: Tarang Ramani (@TRamaniCRE) & Eduardo Lopez (@EKJEddie) - Lee & Associates (@LeeAssociatesRE) BUYER'S REP: Adam Bickoff (@TheAdamBickoffteam) - Compass (@Compass) SALE PRICE: $3,000,000 SF: 19,085 ~ PPSF: $157

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

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37