Updated Dec 20, 2023
Maira Fernandez Sells Mixed-Use Property In Union City For $1.4M
501 45th Street, Union City, New Jersey 07047, United States
$1,400,000
Units
5
Asset Type
Mixed-use
Closing
Dec 14, 2022
About this deal
AI
A mixed-use property located at 501 45th St in Union City was recently sold for $1,400,000. The transaction took place on 12/14/2022. The property consists of 5 units, resulting in a price per unit (PPU) of $280,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,400,000
- Date: 12/14/2022
- Address: 501 45th St
- Market: Union City
- Units: 5
- PPU: $280,000
Maira Fernandez from Century 21 Realty Group represented the buyer and/or seller in this deal.
The mixed use sale at 501 45th Street, Union City, New Jersey 07047, United States in Union City, New Jersey sold for $1.4M in 2022. Reported inventory is 5 units across 5 units. This page is the Union City, New Jersey file for the 501 45th Street, Union City, New Jersey 07047, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Union City sit in the Market section below. Filter that Union City mixed use set by closing date to see what else sold near 501 45th Street, Union City, New Jersey 07047, United States around 2022. Published consideration for 501 45th Street, Union City, New Jersey 07047, United States is $1.4M, dated 2022. Cite this Maira Fernandez Sells Mixed-Use Property In Union City For $1.4M sale when underwriting similar mixed use product around Union City, New Jersey.
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93