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56 13th Ave Multifamily In Paterson, NJ Sells For $2.88M By Buyer 56 13th Ave LLC And Seller NS 107 Properties

56 13th Avenue
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This MultiFamily property located in NJ was sold for $2,880,000 almost 4 years ago. The brokers of the deal were Casey Egan and Daniel Aviles

The property involved in this transaction is a multifamily asset located at 56 13th Ave in Paterson, NJ. The sale took place on 05/20/2021. The buyer, 56 13th Ave LLC, purchased the property from the seller, NS 107 Properties. The deal was facilitated by brokers Daniel Aviles from Aviles Group and Casey Egan from Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,880,000
  • Address: 56 13th Ave, Paterson, NJ
  • Market: Paterson, NJ

This transaction involved the sale of a 15-unit multifamily property at a price of $192,000 per unit. The capitalization rate for the deal was 6. It is worth noting that this deal represents the second highest ever price per unit in Paterson, NJ. The Aviles Group previously set the record last year with a price of $208,552 per unit. If you have any multifamily investment needs in Northern NJ, you can reach out to Daniel Aviles at (201) 742-6148 or Casey Egan at (201) 742-6112.

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Deals
  • Location
    56 13th Avenue, Paterson, NJ 07504, USA56 13th Avenue, Paterson, NJ 07504, USA
  • Sale Price
    $2,880,000$2,880,000
    $354 PPSF$354 PPSF
  • Area
    8,124 SF8,124 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers2 Brokers

Agents

Daniel Aviles

Daniel Aviles

Deals6
Sold$31M

Casey Egan

Casey Egan

Deals4
Sold$23.3M

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Deal Summary

SALE IMAGE: Daniel Aviles & Casey Egan DATE: 05/20/2021 ADDRESS: 56 13th Ave MARKET: Paterson, NJ ASSET TYPE: Multifamily BUYER: 56 13th Ave LLC SELLER: NS 107 Properties BROKERS: Daniel Aviles @AvilesGroup, Casey Egan - Marcus & Millichap @MarcusMillichap_newjersey SALE PRICE: $2,880,000 UNITS: 15 ~ PPU: $192,000 CAP: 6 NOTE: This deal represents the second highest ever price per unit in Paterson, NJ. The Aviles Group set the record last year at $208,552/unit. If you have any multifamily investment needs in Northern NJ, reach out Daniel Aviles (201) 742-6148 Casey Egan (201) 742-6112

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