Updated Sep 9, 2024
Carlos Beltran's Coldwell Banker Acquires Multifamily Property In Union City For $1.275M
412 Monastery Pl, Union City, NJ, USA
$1,275,000
$510/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Apr 19, 2021
About this deal
AI
The multifamily property located at 412 Monastery Pl in Union City has been sold for $1,275,000. This property consists of 10 units, with a per unit price of $127,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 412 Monastery Pl
- Market: Union City
The buyer in this transaction was represented by Carlos Beltran from Coldwell Banker in Jersey City. The seller's representative was Miriam Bashan from Exclusive Properties Realty, LLC.
The multifamily sale at 412 Monastery Pl, Union City, NJ, USA in Union City, New Jersey sold for $1.3M in 2021. Reported inventory is 2,500 square feet across 10 units, or about 510 per square foot. Miriam Bashan, Carlos Beltran, Coldwell Banker, Compass appear on the sale alongside Coldwell Banker, Compass. This page is the Union City, New Jersey file for the 412 Monastery Pl, Union City, NJ, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Union City sit in the Market section below. Filter that Union City multifamily set by closing date to see what else sold near 412 Monastery Pl, Union City, NJ, USA around 2021. Published consideration for 412 Monastery Pl, Union City, NJ, USA is $1.3M, dated 2021. Cite this Carlos Beltran's Coldwell Banker Acquires Multifamily Property In Union City For $1.275M sale when underwriting similar multifamily product around Union City, New Jersey.
Players
Union City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93