Updated Dec 21, 2023
Marcus & Millichap Sells Multifamily Property In West New York, NJ For $3.46M
41 62nd Street, West New York, NJ 07093
$3,460,000
$216/SF
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
Oct 6, 2021
About this deal
AI
Located at 41 62nd Street in West New York, NJ, this property is a multifamily asset. The sale of this property was facilitated by Jonathan Zamora from Marcus & Millichap.
Summary of Transaction Details:
- Property Type: Multifamily
- Sale Price: $3,460,000
- Units: 23
- Price Per Unit: $150,435
- Square Footage: 16,000
- Price Per Square Foot: $216
- Market: West New York, NJ
This transaction involved the sale of a multifamily property with 23 units. The sale price for this property was $3,460,000, resulting in a price per unit of $150,435. The total square footage of the property is approximately 16,000, with a price per square foot of $216. The market for this property is West New York, NJ.
West New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan Zamora 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
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93