Coldwell Banker Realty Represents Buyer And Seller In $1.3M Multifamily Sale At 1009 Palisade Ave, Union City, NJ
SOLD
$1,300,000
New Jersey
See Similar DealsMultiFamily4,026 SF
Sold 11/23/2021
SOLD
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
See Similar DealsMultiFamily4,026 SF
Sold 11/23/2021
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$322
Total Square Footage:4,026 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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