SOLD
Eugenio Vazquez Acquires Land In Union City, NJ For $2.4M
649 38th Street, Union City, NJ, USA
$2,400,000
$126/SF
Building Size
18,966 SF
Asset Type
—
Closing
Sep 3, 2021
AI
A land property located at 649-651 38th St in Union City, NJ, was recently sold for a price of $2,400,000. The land covers an area of approximately 0.43 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,400,000
- Address: 649-651 38th St, Union City, NJ
- Market: Union City, NJ
- Broker: Eugenio Vazquez - Liberty Realty
Eugenio Vazquez from Liberty Realty represented the parties involved in this transaction.
Players
Union City CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93