The property at 123 47th Street in Union City, NJ, is a multifamily asset consisting of 6 units with a total square footage of 5,325. The transaction between the buyer, Christopher M. Parucker, and the seller, Esteban Fernandez, was facilitated by brokers Paulo Cerqueira & Cintia Durso from VOX Realty Group. The property was sold for $1,000,000, equating to a price per unit of $166,667 and a price per square foot of $188.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 6
• Square Footage: 5,325
• Price Per Unit: $166,667
• Price Per Square Foot: $188
• Market: Union City, NJ

The deal was successfully closed on March 8, 2024. This transaction not only signifies the transfer of ownership but also highlights the involvement of key individuals and entities in the real estate market. The buyer, Christopher M. Parucker, saw potential in this multifamily property, engaging Paulo Cerqueira & Cintia Durso from VOX Realty Group to represent him in the purchase. On the other side, Esteban Fernandez acted as the seller in this significant real estate deal.