Updated Oct 28, 2024
1306 New York LLC Acquires Multifamily Property In Union City For $2.3M
1306 New York Avenue, Union City, NJ 07087, USA
$2,315,000
$192/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Dec 6, 2021
About this deal
AI
Located at 1306 New York Avenue in Union City, this multifamily property was recently sold in a closed transaction. The property spans approximately 12,000 square feet and was sold for a total of $2,315,000, resulting in a price per square foot of $193. The sale was completed on 12/06/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,315,000
- Address: 1306 New York Avenue
- Market: Union City
The buyer of the property was 1306 New York LLC, while the seller was Emerald Apts LLC. The deal was facilitated by Jonathan Zamora from Marcus & Millichap. This successful transaction proved to be a tremendous win for both the buyer and the seller. If you are interested in learning more about the deal story, finding other available properties for sale, or evaluating a similar property, you can contact Jonathan Zamora at 201-742-6121 or [email protected].
(JonathanZamora.Cre)
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
6.85%
Cash-on-Cash
-1.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93