Updated Dec 21, 2023
Coldwell Banker Acquires Multifamily Property In Union City For $1.22M
140 37th Street, Union City, New Jersey 07087, United States
$1,220,000
$305/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
A multifamily property located at 140 37th St in Union City has been sold. The property has a total square footage of 4,000 and consists of 3 units. The sale took place on 06/30/2022, with a sale price of $1,220,000. The price per square foot is $305, and the average price per unit is $406,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 140 37th St
- Market: Union City
- Square Footage: 4,000
- Units: 3
Aleshia Jijon, a broker associate from Coldwell Banker, represented the parties involved in the sale. For more off-market opportunities, interested parties can contact Aleshia Jijon at 201.647.5153 or [email protected].
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93