Lyttle Dream Team Realty Completes $1.4M Package Deal In Paterson, NJ
SOLD
$1,400,000
New Jersey
See Similar DealsPackage Deal10,000 SF
Sold 02/06/2024
SOLD
Lyttle Dream Team Realty Completes $1.4M Package Deal In Paterson, NJ
Package Deal10,000 SF
Sold 02/06/2024
Summary
NEW JERSEY
Asset Type:Package Deal
Price Per Square Foot:$140
Total Square Footage:10,000 SF
Transaction Type:Sale
AnnaLyttle Dream Team Realty has successfully closed a package deal in Paterson, NJ for a property with a total area of 10,000 square feet. The transaction was completed on February 6, 2024, for a sale price of $1,400,000, resulting in a price per square foot of $140.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $1,400,000
- Property Area: 10,000 square feet
- Price per Square Foot: $140
- Market: Paterson, NJ
Annakay Lyttle of Lyttle Dream Team Realty represented the parties involved in this successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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