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:
- Property Type: Package Deal
- Transaction Amount: $3,000,000
- Square Footage: 19,085
- Price per Square Foot: $157
- Address: 226 4th Street
- Market: Passaic
- Seller: Hungarian Reform Church of Passaic
- Seller's Representative: Tarang Ramani & Eduardo Lopez - Lee & Associates
- Buyer's Representative: Adam Bickoff - Compass
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
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