Updated Dec 19, 2023
Melissa Mellman-Rivas Acquires 5-Unit Multifamily In Union City For $1.15M
2007 New York Avenue, Union City, New Jersey 07087, United States
$1,150,000
Units
5
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
A multifamily property located at 2007 New York Ave in Union City has been sold for $1,150,000. The property consists of 5 units, with each unit having a per unit price of $230,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 2007 New York Ave
- Market: Union City
- Units: 5
- Price per Unit: $230,000
Melissa Mellman-Rivas from Liberty Realty, LLC represented the buyer in this transaction, while Meital Raviv from Realtyline represented the seller.
The multifamily sale at 2007 New York Avenue, Union City, New Jersey 07087, United States in Union City, New Jersey sold for $1.2M in 2022. Reported inventory is 5 units across 5 units. Melissa Mellman-Rivas, Meital Raviv, Liberty Realty appear on the sale alongside Liberty Realty. This page is the Union City, New Jersey file for the 2007 New York Avenue, Union City, New Jersey 07087, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Union City sit in the Market section below. Filter that Union City multifamily set by closing date to see what else sold near 2007 New York Avenue, Union City, New Jersey 07087, United States around 2022. Published consideration for 2007 New York Avenue, Union City, New Jersey 07087, United States is $1.2M, dated 2022. Cite this Melissa Mellman-Rivas Acquires 5-Unit Multifamily In Union City For $1.15M sale when underwriting similar multifamily product around Union City, New Jersey.
Players
Union City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Liberty Realty to view all their deals.
Browse New Jersey multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93