Titanium Capital Acquires 23-Unit Multifamily In Union City For $2.35M
409 Bergenline Avenue
$2,350,000
$130/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Mar 5, 2024
AI
The multifamily property located at 409 Bergenline Avenue in Union City has been sold for $2,350,000. The property comprises 23 units with a price per unit of $102,174, spanning 18,000 square feet at a price per square foot of $131.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Units: 23
- Price Per Unit: $102,174
- Square Footage: 18,000
- Price Per Square Foot: $131
- Address: 409 Bergenline Avenue
- Market: Union City
The sale was facilitated by David Betesh of Cushman & Wakefield, representing the buyer, Titanium Capital, and the seller, Chris Yegen from The Yegen Companies.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93