Updated Sep 9, 2024
Horvath & Tremblay Represents Sale Of Mixed-Use Property In Union City, NJ For $1.7M
500 Paterson Plank Road
$1,725,000
$231/SF
Building Size
7,469 SF
Asset Type
Mixed-use
Closing
Jul 11, 2022
About this deal
AI
The mixed-use property located at 500-504 Paterson Plank Rd in Union City, NJ has been sold for a transaction amount of $1,725,000. The property spans 7,469 square feet and has a price per square foot of $231. Connor Russo & Michael Lombardi from Horvath & Tremblay acted as the brokers in this deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,725,000
- Address: 500-504 Paterson Plank Rd, Union City, NJ
- Market: Union City, NJ
- Brokers: Connor Russo & Michael Lombardi - Horvath & Tremblay
The sale of this mixed-use property was facilitated by Connor Russo & Michael Lombardi from Horvath & Tremblay. The property is located at 500-504 Paterson Plank Rd in Union City, NJ. The transaction amount for this deal was $1,725,000, with a total area of 7,469 square feet and a price per square foot of $231.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93