Kevin Taub Of Marcus & Millichap Brokers $1.17M Sale Of West New York Multifamily Property

A six-unit multifamily property was sold at 20 63rd Street in West New York, NJ for $1,170,000. The property features six rentable units with a price per unit of $195,000. Half of the units were gut-renovated, while the remaining units present a value-add opportunity, appealing to the high-demand market in Hudson County.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,170,000
• Units: 6
• Price Per Unit: $195,000
• Seller: Silicon Alley Properties, LLC
• Broker: Kevin Taub - Marcus & Millichap

This transaction was managed by Marcus & Millichap, with Kevin Taub representing Silicon Alley Properties, LLC. The sale achieved record pricing in a commuter-friendly area, reflecting the strong demand and potential within the market.