Sercan Zoklu Acquires Union City & West New York Multifamily Portfolio For $3.17M
333 47th Street
$3,170,000
$158/SF
Building Size
19,950 SF
Asset Type
MultiFamily
Closing
Jul 2, 2026
AI
The transaction involves a multifamily asset portfolio located at 333 47th St, 214 44th St, 529 27th St & 325 53rd St in the Union City & West New York market of New Jersey. The sale price for this portfolio was $3,170,000, encompassing a total square footage of 19,950, which results in a price per square foot of $158. The cap rate for this property stands at 6.99%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,170,000
- Sale Date: 07/02/2026
- Buyer: Sercan Zoklu
- Broker: David Ferber - Matthews
- Location: Union City & West New York, NJ
- Total Square Footage: 19,950
- Price per Square Foot: $158
- Cap Rate: 6.99%
Key individuals involved in the deal include the buyer Sercan Zoklu and broker David Ferber, representing Matthews. The transaction reflects a strategic acquisition in a competitive multifamily market, managed by an experienced representative.
Players
Union City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93