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Marcus & Millichap Represents Seller In Sale Of West New York Multifamily For $2.21M
SOLD
$2,210,000
New Jersey
See Similar DealsMultiFamily
Sold 01/07/2026
SOLD
Marcus & Millichap Represents Seller In Sale Of West New York Multifamily For $2.21M
30 63rd Street
See Similar DealsMultiFamily
Sold 01/07/2026
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
A renovated six-unit multifamily property located at 30 63rd Street, West New York, has been sold for $2.21 million, equating to approximately $368,333 per unit. This price marks the highest per-unit rate recorded in Hudson County in 2025, with recent upgrades to the property including a new roof, and updates to plumbing, electrical, and HVAC systems.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,210,000
- Units: 6
- Price Per Unit: $368,333
- Brokers: Devin Perez, Alan Cafiero & Brent Hyldahl - Marcus & Millichap
- Market: West New York
- Address: 30 63rd Street
Marcus & Millichap's Devin Perez, Alan Cafiero, and Brent Hyldahl represented the seller in this transaction, ensuring a successful deal that reflects the current market dynamics in the Hudson County area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,851.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,476.53
Annual Debt Service$125,718.33
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