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Kevin Taub Of Marcus & Millichap Brokers $1.17M Sale Of West New York Multifamily Property
SOLD
$1,170,000
New Jersey
See Similar DealsMultiFamily
Sold 04/21/2025
SOLD
Kevin Taub Of Marcus & Millichap Brokers $1.17M Sale Of West New York Multifamily Property
20 63rd Street
See Similar DealsMultiFamily
Sold 04/21/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,156.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,546.40
Annual Debt Service$66,556.76
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