Gabby Cali & Gregory Pope Of Cali Capital Secures $850,000 Refinance Loan For Mixed-Use Asset In Union City
500 New York Avenue
$850,000
$142/SF
Building Size
5,975 SF
Asset Type
Mixed-use
Closing
Jan 15, 2026
AI
The property involved in this transaction is a mixed-use asset located at 500 New York Avenue in Union City. It encompasses a total square footage of 5,975 and includes 10 units, consisting of 7 apartments and 3 commercial spaces. The loan amount secured for this property is $850,000, categorized as a refinance.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $850,000
- Loan Type: Refinance
- Loan Terms: 6.00% Rate, 5-Year Fixed, 30-Year Term, 30-Year Amortization
- Date: 01/16/2026
- Market: Union City
- Address: 500 New York Avenue
- Asset Square Footage: 5,975
- Units: 10 (7 Apartments + 3 Commercial)
- Brokers: Gabby Cali & Gregory Pope - Cali Capital
In this transaction, Gabby Cali serves as the CEO and Gregory Pope as the Analyst, both representing the broker agency Cali Capital. Interested parties can reach out to Gabby Cali at 732-962-3242 or [email protected], and Gregory Pope at 469-616-4140 or [email protected] to discuss financing options and loan structuring.
Union City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93