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Debraj Addya Acquires 1,841 SF Condo In Union City, NJ For $800K

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SOLD
$800,000

New Jersey

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1,841 SF
Sold 01/07/2022
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Property Image
SOLD

Debraj Addya Acquires 1,841 SF Condo In Union City, NJ For $800K

4315 Park Avenue, Union City, New Jersey 07087, United States

See Similar Deals
1,841 SF
Sold 01/07/2022
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Summary

NEW JERSEY
Price Per Square Foot:$434
Total Square Footage:1,841 SF
Transaction Type:Sale

A condo located at 4315 Park Ave in Union City, NJ has been sold for $800,000. The property spans 1,841 square feet, resulting in a price per square foot of $435. The sale took place on 01/07/2022. The seller, Sean & Yulia Perruzzi, was represented by Gershon Adjaye from Keller Williams Realty. The buyer, Debraj Addya, had Amar Mody from Prominent Properties Sotheby’s as their representative.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $800,000
  • Address: 4315 Park Ave, Union City, NJ
  • Square Footage: 1,841
  • Price per Square Foot: $435

Gershon Adjaye from Keller Williams Realty represented the seller, Sean & Yulia Perruzzi, in the transaction. Amar Mody from Prominent Properties Sotheby’s represented the buyer, Debraj Addya. This closed deal showcases the successful collaboration between the parties involved.

Players

Gershon Adjaye
27 deals$49.4M volume(973) 583-3030
BROKER

Amar Mody
Sotheby's International Realty
7 deals$27M volume
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Gershon Adjaye DATE: 01/07/2022 ADDRESS: 4315 Park Ave MARKET: Union City, NJ ASSET TYPE: Condo BUYER: Debraj Addya BUYER's REP: Amar Mody - Prominent Properties Sotheby’s SELLER: Sean & Yulia Perruzzi SELLER'S REP: Gershon Adjaye - Keller Williams Realty ASKING PRICE: $849,000 SALE PRICE: $800,000 SF: 1,841 ~ PPSF: $435

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

$42,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,842.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,792.41
Annual Debt Service$45,508.90