Updated Dec 21, 2023
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
About this deal
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.
The commercial sale at 649 38th Street, Union City, NJ, USA in Union City, New Jersey sold for $2.4M in 2021. The building is 18,966 square feet, implying about 126 per square foot on the published price. Named participants on the 649 38th Street, Union City, NJ, USA sale are Eugenio "Gene" Vazquez. This page is the Union City, New Jersey file for the 649 38th Street, Union City, NJ, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Union City sit in the Market section below. Filter that Union City commercial set by closing date to see what else sold near 649 38th Street, Union City, NJ, USA around 2021. Published consideration for 649 38th Street, Union City, NJ, USA is $2.4M, dated 2021. Cite this Eugenio Vazquez Acquires Land In Union City, NJ For $2.4M sale when underwriting similar commercial product around Union City, New Jersey.
Players
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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