Marcus & Millichap Sells Four Eleven Apartments In Union City For $2.12M

The asset involved in the transaction is a multifamily property known as Four Eleven Apartments, located at 411 15th Street in Union City, NJ. The property consists of 17 residential units and was sold for a total of $2,115,000, which equates to a price per unit of $124,412.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,115,000
• Units: 17
• Price per Unit: $124,412
• Seller: Spat LLC
• Market: Union City
• Selling Agents: Alan Cafiero, Brent Hyldahl, Devin Perez, Jed Matricaria, Daniel Aviles - Marcus & Millichap

The transaction attracted significant interest, resulting in seven offers within two weeks. The sale was facilitated by a team of brokers from Marcus & Millichap who successfully marketed the property to a targeted group of investors, ultimately securing a buyer with a strong track record.