Updated Dec 4, 2024
Antonio Gracia Of Paul Martin Property Development, LLC Sells Mixed-Use Property In Union City For $1.55M
3615 New York Avenue
$1,550,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 10, 2024
About this deal
AI
A solid brick mixed-use property located at 3615 New York Avenue in Union City has been sold for $1,550,000. The property features three rental apartments and five retail stores in a prime location.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,550,000
- Address: 3615 New York Avenue
- Market: Union City
- Broker: Antonio Gracia - Paul Martin Property Development, LLC
The deal was facilitated by broker Antonio Gracia, representing Paul Martin Property Development, LLC. This transaction presents a lucrative investment opportunity, highlighting the potential for both residential and commercial use.
Union City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93