Updated Dec 21, 2023
Coldwell Banker Realty Represents Buyer And Seller In $1.3M Multifamily Sale At 1009 Palisade Ave, Union City, NJ
1009 Palisade Avenue, Union City, NJ 07087
$1,300,000
$322/SF
Building Size
4,026 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
A multifamily property located at 1009 Palisade Ave in Union City, NJ, has been sold for $1,300,000. The property consists of 4 units, with an average price per unit of $325,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 1009 Palisade Ave, Union City, NJ
- Market: Union City, NJ
- Units: 4
- Price per Unit: $325,000
The buyer's representative, Lucia Berges, from Coldwell Banker Realty, and the seller's representative, Teresa Visaggio, also from Coldwell Banker Realty, facilitated the deal.
Players
Union City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93